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Selected financial data from the September 30 year-end statements of Kosanka Company are given below: Total assets $ 5,500,000 Long-term debt (11% interest rate) $

Selected financial data from the September 30 year-end statements of Kosanka Company are given below:

Total assets $ 5,500,000
Long-term debt (11% interest rate) $ 680,000
Preferred stock, $100 par, 8% $ 720,000
Total stockholders

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