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If assets and liabilities at the start of the period are, respectively, $120,000 and $65,000, income for the period equals $20,000 and expenses equal $11,000.

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If assets and liabilities at the start of the period are, respectively, $120,000 and $65,000, income for the period equals $20,000 and expenses equal $11,000. What is equity at the end of the period? Assume these are the only charges in equity for the period

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