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Consider the balance sheet of Dallas Industries as shown below. Dallas provided the following information: retained earnings $800,000, accounts payable $100,000, accruals $100,000; long-term debt

Consider the balance sheet of Dallas Industries as shown below. Dallas provided the following information: retained earnings $800,000, accounts payable $100,000, accruals $100,000; long-term debt $200,000, common stock $200,000; net fixed assets $900,000, accounts receivable $250,000, inventory $200,000, and cash $50,000. What is total liabilities & equity.?

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