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Use the following information as of December 31 to determine equity. Liabilities $141,000 Cash $57,000 Equipment $206,000 Buildings $175,000 Answer 1. $ 57,000 2. $141,000

Use the following information as of December 31 to determine equity. Liabilities $141,000 Cash $57,000 Equipment $206,000 Buildings $175,000 Answer 1. $ 57,000 2. $141,000 3. $297,000 4. $438,000 Explain your answer in steps please

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