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Question 3. Consider the following information: Gil's Fish and Tackle, Incorporated Balance Sheet At December 31, 2021 Assets Cash Accounts Receivable (less allowance) Inventories

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Question 3. Consider the following information: Gil's Fish and Tackle, Incorporated Balance Sheet At December 31, 2021 Assets Cash Accounts Receivable (less allowance) Inventories Property, Plant and Equipment Long-term Investments Total Assets Liabilities Accounts Payable Current Portion of Long-Term Debt Long-Term Notes Payable Total Liabilities Stockholders' Equity Contributed Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Gil's Fish and Tackle, Incorporated Income Statement For the year endine December 31. 2021 $22,200 169,100 68,300 102,800 30,000 $ 392,400 $49,200 68,800 100,000 218,000 100,000 74,400 174,400 $ 392,400

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