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c. Immediately before release, the film company's T-Account appeared as follows (note that default only applies at the time of repaying their debt in this

c. Immediately before release, the film company's T-Account appeared as follows (note that default only applies at the time of repaying their debt in this context): Assets Liabilities Cash: $50M Bonds:$300M Property and Equipment: $150M The company believes that they will make $450M in revenue during the first year of production. Assume that this is the future value of their first year proceeds and that it is all held as cash. Show the following: i) their balance sheet after receiving the $450M in revenue, but before paying back their bonds and ii) after paying their bonds back. Don't forget to calculate net equity

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