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ABC reported the following amounts at the end of the first year of operations, December Total assets $550,000 Dividends $10,000 Total revenue $520,000 Total liabilities

ABC reported the following amounts at the end of the first year of operations, December

Total assets $550,000

Dividends $10,000

Total revenue $520,000

Total liabilities $150,000

Contributed capital $80,000

What would Shareholder's Equity and Expenses be? (Explain the steps)

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