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The Kennedy Company reported the following: Income Statement Balance Sheet Revenues 18,000 Assets Payroll expense ? Cash 4,050 Rent expense 4,700 Inventory 4,800 Equipment 19,200 Statement of Retained Earnings Beg. R/E 1,800 Liabilities and equity Net income ? Notes payable 8,200 Dividends 550 Retained earnings ? End. R/E ? Common stock 14,300 What is the company's payroll expense