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Afirmas sales of $200,000, Cost of Goods Sold of 100,000, a net income of $20,000, and the following balance sheet: Cash $20,000 Accounts payable counts

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Afirmas sales of $200,000, Cost of Goods Sold of 100,000, a net income of $20,000, and the following balance sheet: Cash $20,000 Accounts payable counts payable $40,000 Receivables 50,000 Other current liabilities 20,000 Inventories 150,000 Long-term debt 30,000 Netfixed assets 90.000 Common equity 220.000 Total assets $310.000 Total abilities and equity $310.000 Assume that next year the firm again has net income of $20,000 pays a $8,000 dividend to shareholders, does not repurchase any stock, does not issue any stock, and makes a capital investment of $10,000 to buy some additional equipment, Next year, Common Equity will be

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