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The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment ( net ) Liabilities:

The following data were taken from the financial statements of Gates Inc. for the current fiscal year.
Property, plant, and equipment (net)
Liabilities:
Current liabilities
Note payable, 6%, due in 15 years
Total liabilities
Stockholders' equity:
\table[[$1,000,000
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