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In its closing financial statements for its first year in business , the Runs and Goses Company, had cash of $242, accounts receivable of $850,

In its closing financial statements for its first year in business , the Runs and Goses Company, had cash of $242, accounts receivable of $850, inventory of $820, net fixed assets of $3,408, , accounts payable of $700, short-term notes payable of $740, long-term liabilities of $1,100, common stock of $1,160, retained earnings of $1,620 , net sales of $ 2,768, cost of goods sold of $1,210, depreciation of $360 , interest expense of $160 , taxes of $312 , addition to retained earnings of $508 , and dividends paid of $218 .
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