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The following items are components of a traditional balance sheet. How much are the total assets of the firm? Plant and equipment $40,800 Common stock

The following items are components of a traditional balance sheet. How much are the total assets of the firm?

Plant and equipment

$40,800

Common stock

15,000

Cash

6,800

Inventory

21,700

Bad debt reserve

6,000

Additional paid-in capital

6,000

Accumulated depreciation

26,000

Accounts receivable

22,000

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