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A company's balance sheet as of January 1, 20X45, is as follows: Account Amount Cash $210,000 Accounts Receivable $230,000 Inventory $240,000 Prepaid Expenses $155,000 Property,
A company's balance sheet as of January 1, 20X45, is as follows:
Account | Amount |
---|---|
Cash | $210,000 |
Accounts Receivable | $230,000 |
Inventory | $240,000 |
Prepaid Expenses | $155,000 |
Property, Plant & Equipment | $1,650,000 |
Accumulated Depreciation | $300,000 |
Accounts Payable | $320,000 |
Notes Payable | $520,000 |
Common Stock | $660,000 |
Retained Earnings | $880,000 |
Calculate the following:
- Total Assets
- Total Liabilities
- Total Equity
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