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....... 3. Rip Inc. had the following account balances as of 12/31/22: a. Accounts Payable.... $45,000 b. Accounts Receivable....... $9,000 C. Accumulated Amortization ($8,000) d.

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....... 3. Rip Inc. had the following account balances as of 12/31/22: a. Accounts Payable.... $45,000 b. Accounts Receivable....... $9,000 C. Accumulated Amortization ($8,000) d. Accumulated Depletion.......... ($5,000) e. Accumulated Depreciation ($10,000) f. Buildings .... $150,000 g. Cash ........ .$45,000 h. Common Stock $120,000 i. Equipment $60,000 j. Goodwill ... $78,000 k. Inventory $10,000 1. Land ...... $75,000 m. Long-Term Note Payable..... ..$55,000 n. Minerals.......... $20,000 o. Prepaid Rent.. $4,000 p. Retained Earnings $180,000 q. ST Investments $2,000 r. Timber ........ $35,000 s. Trademarks $22,000 a. Prepare a Balance Sheet as of 12/31/22 in proper format. Use the 2-Yr Example Financial Statements in Canvas as a helpful guide. (10 pts)

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