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Below are accounts from the Atlanta Corporation's accounting records: Total assets, end of year$70,000 Total liabilities, end of year18,000 Common stock, end of year6,000 Retained
Below are accounts from the Atlanta Corporation's accounting records:
Total assets, end of year$70,000
Total liabilities, end of year18,000
Common stock, end of year6,000
Retained earnings, beginning of year14,000
Dividends for the year15,500
Net income47,500
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