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Taylor's bookkeeper records three items: $5,000 of unearned revenue being earned $1,000 cash collected from earnings recorded in the prior period $3,000 cash collected in

Taylor's bookkeeper records three items: $5,000 of unearned revenue being earned $1,000 cash collected from earnings recorded in the prior period $3,000 cash collected in advance of services.

What is the change in liabilities for the current period?

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