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Company E has $1,000,000 of cash and $1,000,000 of equipment at the start of 2019. Company E also has $1,000,000 of debt with the local

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Company E has $1,000,000 of cash and $1,000,000 of equipment at the start of 2019. Company E also has $1,000,000 of debt with the local bank and $1,000,000 of equity at the start of 2019. In 2019, Company E raises $5,000,000 in cash ($2,500,000 in a new bank loan and $2,500,000 in new equity). Company uses $3,000,000 of the cash to buy a new building. What are the Assets, Liabilities and Equity of Company E at the end of 2019? Assets - $4,00,000, Liabilities - $3,500,000 and Equity - $1,500,000 Assets - $7,00,000, Liabilities - $5,000,000 and Equity - $2,000,000 Assets - $4,000,000, Liabilities - $2,000,000 and Equity = $2,000,000 Assets - $7,000,000, Liabilities - $3,500,000 and Equity = $3,500,000

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