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1. Maybach Industries has $870,000 in current assets and $430,000 in fixed assets less $180,000 in accumulated depreciation. The firms current liabilities total $330,000 and

1. Maybach Industries has $870,000 in current assets and $430,000 in fixed assets less $180,000 in accumulated depreciation. The firms current liabilities total $330,000 and the long-term liabilities $115,000. If the firms stock and capital surplus total $305,000, what is the value for retained earnings?

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