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At the beginning of 2019, ABC Co.'s assets were $410,000 and its owner's equity was $170,000. During the year, assets increased by $40,000 and liabilities

At the beginning of 2019, ABC Co.'s assets were $410,000 and its owner's equity was $170,000. During the year, assets increased by $40,000 and liabilities decreased by $15,000.What is the owner's equity at the end of 2019?

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