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RCS started the year with the following transactions 1. RCS was formed at the beginning of the year when it acquired $83,178 cash by issuing

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RCS started the year with the following transactions 1. RCS was formed at the beginning of the year when it acquired $83,178 cash by issuing common stock to the owners. 2. RCS borrowed $49,161 from a creditor 3. RCS paid $26,999 to purchase land. After posting these transactions, what is the total assets of RCS

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