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During 2020, company ABC had the following transactions: Shareholders contribute 100,000 Purchased inventory for 45,000, cash transaction Purchased new machinery for 20,000 Sales of 50,000

During 2020, company ABC had the following transactions:

Shareholders contribute 100,000

Purchased inventory for 45,000, cash transaction

Purchased new machinery for 20,000 Sales of 50,000 (COGS 32,000), half of them credit and half of them cash

Took a bank loan for 10,000

Paid 12,000 in rent.

After these transactions the total of liabilities and equity is?

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