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please show calculation On January 1, Year 3, Wayfarer Co.'s assets were $385,000 and its stockholders' equity was $157,000. During the year, assets increased $23,500

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On January 1, Year 3, Wayfarer Co.'s assets were $385,000 and its stockholders' equity was $157,000. During the year, assets increased $23,500 and liabilities decreased $27,000. Required: Determine the amount of stockholders' equity at December 31, Year 3. Stockholders' equity

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