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The following information relates to Zynch Inc.:Beginning balance of cash$ 3 , 8 0 0 Net increase in cash during the year 1 , 2

The following information relates to Zynch Inc.:Beginning balance of cash$3,800Net increase in cash during the year1,240Beginning balance of equipment7,700Equipment purchased during the year3,500Depreciation on equipment1,550Calculate the ending balance of assets for the year.a. $9,650b. $10,890c. $9,950d. $14,690

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