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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 $40,700 Common stock

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

Plant and equipment $40,700

Common stock 15,000

Cash 7,100

Inventory 21,400

Bad debt reserve 6,000

Paid in excess 6,000

Accumulated depreciation 28,2000

Accounts receivable 22,000

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