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he year-end financial statements of Calloway contained the following elements and corresponding amounts: Assets = $29,000; Liabilities = ?, Common Stock $5,900; Revenue $12,800; Dividends

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he year-end financial statements of Calloway contained the following elements and corresponding amounts: Assets = $29,000; Liabilities = ?, Common Stock $5,900; Revenue $12,800; Dividends $1,200; g Retained Earnings $4,200; Ending Retained Earnings $7,900. Based on this information, the amount of expenses on Calloway's income statement was Multiple Choice $3,700. $15,800 $9,100 $7,900

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