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Earth's Best Company has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $30,000, and the following balance sheet: Cash $20,000

Earth's Best Company has sales of $200,000, Cost of Goods Sold of 100,000, a net income of $30,000, and the following balance sheet:

Cash $20,000

Accounts payable $40,000

Receivables 50,000

Other current liabilities 40,000

Inventories 150,000

Long-term debt 60,000

Net fixed assets 90,000

Common equity 170,000

Total assets $310,000

Total liabilities and equity $310,000

Assume that next year the firm again has net income of $30,000 pays a $10,000 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 what?

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