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[The following information applies to the questions displayed below.] Maben Company was started on January 1, Year 1, and experienced the following events during its

[The following information applies to the questions displayed below.] Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation:

Acquired $29,000 cash from the issue of common stock.

Borrowed $41,000 cash from National Bank.

Earned cash revenues of $57,000 for performing services.

Paid cash expenses of $49,500. Paid a $1,900 cash dividend to the stockholders.

Acquired an additional $29,000 cash from the issue of common stock.

Paid $10,000 cash to reduce the principal balance of the bank note.

Paid $52,000 cash to purchase land.

Determined that the market value of the land is $73,000.

Determine the amount of total assets that Maben would report on the December 31, Year 1, balance sheet.

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