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At the end of the current accounting period, account balances were as follows: Cash $150,000, Accounts Receivable $50,000; Common Stock $10,000; Retained Earnings $60,000. Liabilities

At the end of the current accounting period, account balances were as follows: Cash $150,000, Accounts Receivable $50,000; Common Stock $10,000; Retained Earnings $60,000. Liabilities for the period were what

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