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At the end of the first year of business, Nathan had received $ 1 5 0 , 0 0 0 in cash from customers, of

At the end of the first year of business, Nathan had received $150,000 in cash from customers, of which $10,000 was cash paid in advance for pre-ordered toys.
A review of Nathan's checkbook shows he paid the following (in addition to those mentioned previously) during the first year of business:
\table[[Toys Beginning Inventory, Jan 1,$70,000
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