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Joe Black began Green Soda Co, by obtaining an equity investment of S150,000 cash from his family and by borrowing an additional $200,000 in cash

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Joe Black began Green Soda Co, by obtaining an equity investment of S150,000 cash from his family and by borrowing an additional $200,000 in cash from a local bank. Green Soda used cash to purchase bottling equipment costing $160,000, and another $55,000 cash to buy soda that would be sold to customers. Sales revenue for the year totaled $135,000, all of which was received in cash. By year-end, the cost of the inventory sold was 548,000, with other expenses amounting to $28,000, which were all paid in cash. Since it had been a good year, the company paid the equity investors a cash dividend of $24,000 Calculate the company's total assets at the end of the first year of operations. Type your

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