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Owensboro Carpet is working on their Budgeted Balance Sheet for next year. The Total Assets section of the Budget Balance Sheet is $225,000, their Common

Owensboro Carpet is working on their Budgeted Balance Sheet for next year. The Total Assets section of the Budget Balance Sheet is $225,000, their Common Stock Account is $105,000, and their Retained Earnings are $47,000. What is the balance of their Total Liabilities? $178,000 $120,000 $58,000 $73,000

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