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A company had the following account balances at year-end: - Cash: $3,400 - Common stock: $4,900 - Supplies: $9,500 - Salaries payable: $2,000 - Inventory:
A company had the following account balances at year-end: - Cash: $3,400 - Common stock: $4,900 - Supplies: \$9,500 - Salaries payable: \$2,000 - Inventory: \$16,200 - Note payable due in 5 years: $9,700 - Land: \$27,000 - Buildings: $30,200 - Accounts payable: $14,300 Use the information above to answer the following questions
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