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LMN Corporation's total assets decreased by $50,000 during the year, and its liabilities increased by $30,000. If the owner's equity at the beginning of the

· LMN Corporation's total assets decreased by $50,000 during the year, and its liabilities increased by $30,000. If the owner's equity at the beginning of the year was $400,000, what is the owner's equity at the end of the year?

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