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Given the following information from a firm's Statement of Financial Position, calculate the accumulated retained earnings. cash=$200,000 accounts receivable =$150,000 accounts payable =$160,000 inventory =$230,000

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Given the following information from a firm's Statement of Financial Position, calculate the accumulated retained earnings. cash=$200,000 accounts receivable =$150,000 accounts payable =$160,000 inventory =$230,000 common stock (book value) =$600,000 long-term debt =$500,000 notes payable =$70,000 net fixed assets =$840,000 Select one: a. $90,000 b. $580,000 c. $230,000 d. $350,000 e. $690,000

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