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Q&P 3.1 Balance Sheet Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2014. On that date the
Q&P 3.1 Balance SheetGiven the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2014. On that date the firm had cash and marketable securities $25,135, accounts receivable of 443,758, inventory of $167,112, net fixed assets of $325,422, and other assets of $13,125. It had accounts payables of $67,855, notes payable $36,454, long-term debt of $233,125, and common stock of $150,000. How much retained earnings did the firm have?
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