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1.25 points The Pom Smith Corporation has the following items: Cash, $5,000; Machinery, $55,300; Building, $167,200, Land $66,000; Note payable bank, $11,500; Long-term debt, $67,200;

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1.25 points The Pom Smith Corporation has the following items: Cash, $5,000; Machinery, $55,300; Building, $167,200, Land $66,000; Note payable bank, $11,500; Long-term debt, $67,200; Accounts payable, $33,600; Taxes payable, $5,300; Accounts receivable, $42,000; Inventory, $10,500. What is the amount of owner's equity for this corporation? Hint: first find all other components of the balance sheet and use the balance sheet equation(?). $227,900 $227,300 $229,000 $229,500 $228,400 100000

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