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Franklin Corporation has the following account balances at the end of the year. What is stockholders' equity? Accounts Payable $17,000 Accounts Receivable $23,000 Cash $35,000

Franklin Corporation has the following account balances at the end of the year. What is stockholders' equity?

Accounts Payable $17,000

Accounts Receivable $23,000

Cash $35,000

Equipment, net $41,000

Notes Payable $29,000

Salaries Payable $8,000

Supplies $3,000

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