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The Manchester Company started operations in 2 0 2 0 when owners invested $ 8 0 , 0 0 0 . During the year the

The Manchester Company started operations in 2020 when owners invested $80,000. During the year the company recorded $165,000 in revenues, $130,000 in expenses and $1,000 in dividends. What is total equity at the end of 2020?

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