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At the beginning of Year 2. Clayton Company had $6,000 of cash, $7,000 land, $2.000 of liabilities, $3.000 of common stock, and $8.000 of retained

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At the beginning of Year 2. Clayton Company had $6,000 of cash, $7,000 land, $2.000 of liabilities, $3.000 of common stock, and $8.000 of retained earnings. During Year 2. Clayton experienced the following events. Borrowed $1.500 cash. Earned $6.500 of cash revenue. Paid $4.000 of cash expenses. Paid $5.000 cash to purchase land. Based on this Information the amount of total assets, total liabilities, and retained earnings appearing on the Year 2 financial statements is

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