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The CFO of the Mighty Maples hockey team examined her company's balance sheet last month and realized they had quite a bit of excess cash

The CFO of the Mighty Maples hockey team examined her company's balance sheet last month and realized they had quite a bit of excess cash on hand, so she decided to do the following: purchase $4mm in new equipment, pay off $1,000,000 in past due to accounts payable, pay back a special dividend of $2,000,000 to the team owners, and make a $500,000 extra principle repayment on a loan the team has with Rabo Bank. Based on just these transactions, by how much did the team's total balance sheet assets grow or shrink?

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