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q32 Consider the balance sheet for Carson Plumbing on December 31, 2017: They had cash and marketable securities of $49,540.00, accounts receivable of $89,815.00, inventory
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Consider the balance sheet for Carson Plumbing on December 31, 2017: They had cash and marketable securities of $49,540.00, accounts receivable of $89,815.00, inventory of $59,320.00, and net fixed assets of $191,725.00. It also had accounts payable of $39,970.00, notes payable of $34,890.00, long-term debt of $164,490.00, and common stock of $64,660.00. For the balance sheet to be correct, what must the level of retained earnings be? Submit Answer format: Currency: Round to: O decimal placesStep by Step Solution
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