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Table 2 Assets Recent Year Previous Year Cash $4,500 $2,000 Accounts receivable 17,500 12,000 Inventory $37,500 $38,000 Sales $325,000 $315,000 Cost of Goods Sold

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Table 2 Assets Recent Year Previous Year Cash $4,500 $2,000 Accounts receivable 17,500 12,000 Inventory $37,500 $38,000 Sales $325,000 $315,000 Cost of Goods Sold $178,000 $172,000

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