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Calculate the total assets, total liabilities, and owner's equity based on the following data: Total assets: $500,000 Total liabilities: $200,000 Owner's equity: ?

  1. Calculate the total assets, total liabilities, and owner's equity based on the following data:
    1. Total assets: $500,000
    2. Total liabilities: $200,000
    3. Owner's equity: ?

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