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Consider the balance sheet for Carson Plumbing on December 31, 2020: They had cash and marketable securities of $49,630.00, accounts receivable of $89,020.00, inventory of
Consider the balance sheet for Carson Plumbing on December 31, 2020: They had cash and marketable securities of $49,630.00, accounts receivable of $89,020.00, inventory of $59,790.00, and net fixed assets of $195,900.00. It also had accounts payable of $39,210.00, notes payable of $34,655.00, long-term debt of $164,550.00, and common stock of $64,090.00. For the balance sheet to be correct, what must the level of retained earnings be
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