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At the beginning of the period, assests were $ 3 6 0 , 0 0 0 . During the year, assests increased by $ 1

At the beginning of the period, assests were $

360, 000 .

During the year, assests increased by $

105, 000

and liabilities increased by $

45, 000 .

Stockholders' equity at the end of the period was $

330, 000 .

Beginning liabilities must have been:

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