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Selected current year - end financial statements of Cabot Corporation follow. ( All sales were on credit; selected balance sheet amounts at December 3 1

Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $54,900; total assets, $199,400; common stock, $88,000; and retained earnings, $28,386.)
\table[[CABOT CORPORATION],[Income Statement],[For Current Year Ended December 31,],[Sales,$455,600
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