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Heads Up Company was started several years ago by two hockey instructors. The company's comparative balance sheets and income statement are provided below, along with

Heads Up Company was started several years ago by two hockey instructors. The company's comparative balance sheets and income statement are provided below, along with additional information. Current Year Prior Year Balance Sheet at December 31 Cash $ 6,000 $ 4,000 Accounts Receivable 1,000 1,750 Equipment 5,500 5,000

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