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On January 1, 2010, Yukon Inc., had assets of $156,000 and shareholders's equity of $88, 000. During the year assets increased by $35,000 and shareholders's

On January 1, 2010, Yukon Inc., had assets of $156,000 and shareholders's equity of $88, 000. During the year assets increased by $35,000 and shareholders's equity decreased by $27, 500. What were the liabilities on December 31, 2010?

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