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A company has the following items in its balance sheet: the value of preferred stock $39,000, common stock $70,000, retained earnings $80,000, treasury stock $65,000,

A company has the following items in its balance sheet: the value of preferred stock $39,000, common stock $70,000, retained earnings $80,000, treasury stock $65,000, short-term notes $60,000, plant and equipment $70,000. What is the value of its total equity?

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