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The December 3 1 , 2 0 2 1 , balance sheet of Chen, Incorporated, showed long - term debt of $ 1 , 3

The December 31,2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,390,000 and the December 31,2022, balance sheet showed long-term debt of $1,560,000. The 2022

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