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The Hawthorn Company started operations in 2014 when the owners invested $80,000. During 2014, the company recorded $195,000 in revenues, $155,000 in expenses and dividends

The Hawthorn Company started operations in 2014 when the owners invested $80,000. During 2014, the company recorded $195,000 in revenues, $155,000 in expenses and dividends of $5,000. During 2015, the company recorded $205,000 in revenues, $170,000 in expenses and no dividends. At the end of 2015, total equity would be?

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