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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 $43,900 Common stock 15,000

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

Plant and equipment $43,900

Common stock 15,000

Cash5,500

Inventory21,000

Bad debt reserve6,000

Additional paid-in capital6,000

Accumulated depreciation27,700

Accounts receivable22,000

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