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Problem 5-5 Presented below is the balance sheet of Sargent Corporation for the current year, 2017. MARIGOLD CORPORATION BALANCE SHEET DECEMBER 31, 2017 $ 488,020

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Problem 5-5 Presented below is the balance sheet of Sargent Corporation for the current year, 2017. MARIGOLD CORPORATION BALANCE SHEET DECEMBER 31, 2017 $ 488,020 Current liabilities Current assets Investments Property, plant, and equipment Intangible assets $383,020 1,003,020 1,773,020 $3,159,060 643,020 Long-term liabilities 1,723,020 Stockholders' equity 305,000 $3,159,060

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