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Emmitt had the following final balances after the first year of operations: assets, $36,200; stockholders' equity, $14,400; dividends, $4,000; and net income, $9,000. What is

Emmitt had the following final balances after the first year of operations: assets, $36,200; stockholders' equity, $14,400; dividends, $4,000; and net income, $9,000. What is the amount of Emmitt's liabilities?

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