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The December 3 1 , Year 4 , balance sheet for Campbell Corporation is presented here. These are the only accounts on Campbell's balance sheet.

The December 31, Year 4, balance sheet for Campbell Corporation is presented here. These are the only accounts on Campbell's
balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information:
Additional Information
Current ratio (at year end)
Total liabilities Total stockholders' equity 60%
Gross margin percentage 30%
Inventory turnover (Cost of goods sold Ending inventory)11.2 times
Gross margin for Year 4
$315,000
Required
a. Compute the balance in trade accounts payable as of December 31, Year 4.
b. Compute the balance in retained earnings as of December 31, Year 4.
c. Compute the balance in the inventory account as of December 31, Year 4.(Assume that the level of inventory did not change from
last year.)
(For all requirements, negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your
answers to the nearest whole dollar amount.)
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