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The accounting records of Betty DeRose, Inc. revealed the following account balances as of December 31, 2029: Utilities expense Inventory Retained earnings Income tax expense
The accounting records of Betty DeRose, Inc. revealed the following account balances as of December 31, 2029: Utilities expense Inventory Retained earnings Income tax expense Accounts payable Cost of goods sold Cash Utilities payable Common stock Service revenue Equipment Bonds payable Accounts receivable Sales revenue Building Dividends Patent Notes payable Supplies Interest revenue $28,000 $53,000 $46,000 (at January 1, 2029) $24,000 ? $39,000 $20,000 $17,000 $95,000 $48,000 $93,000 $80,000 $78,000 $62,000 $83,000 ? $69,000 $91,000 $27,000 ? Additional information: 1) 25% of the company's 2029 net income was paid to stockholders as dividends. 2) The total stockholder's equity at December 31, 2029 was equal to $183,000. Calculate the December 31, 2029 balance in the accounts payable account
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