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At the end of the current accounting period, account balances were as follows: Cash, $25,000; Accounts Receivable, $42,000; Common Stock, $18,000; Retained Earnings, $10,000. Liabilities

At the end of the current accounting period, account balances were as follows: Cash,

$25,000;

Accounts Receivable,

$42,000;

Common Stock,

$18,000;

Retained Earnings,

$10,000.

Liabilities for the period were:

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