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Max's Small Engine Repair Shop, a proprietorship, started the year with total assets of S61000 and total liabilities of $39500. During the year, the business

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Max's Small Engine Repair Shop, a proprietorship, started the year with total assets of S61000 and total liabilities of $39500. During the year, the business recorded 599400 in repair revenues, 555400 in expenses, and Max Freelandt, the owner, withdrew $9700 Max's capital balance at the end of the year was O $65100 $34300 $55800 $46100

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