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Blair Scott started a sole proprietorship by depositing $45,000 cash in a business checking account. During the accounting period the business borrowed $22,000 from a

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Blair Scott started a sole proprietorship by depositing $45,000 cash in a business checking account. During the accounting period the business borrowed $22,000 from a bank, earned $6,800 of net income, and Scott withdrew $8,000 cash from the business. Based on this information, at the end of the accounting period Scott's capital account contained a balance of

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