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Required information The year-end financial statements of Grunewald Company contained the following elements and corresponding amounts. Assets = $21,800; Common Stock = $5,000; Revenue =

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Required information The year-end financial statements of Grunewald Company contained the following elements and corresponding amounts. Assets = $21,800; Common Stock = $5,000; Revenue = $10,880; Dividends $720; Beginning Retained Earnings = $3,855 Ending Retained Earnings-$6,375 The amount of liabilities reported on the end-of-period balance sheet was

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