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Use the following information from the balance sheet of Raineer Plumbing to determine the missing amounts. Cash and cash equivalents Retained earnings Inventory Common stock
Use the following information from the balance sheet of Raineer Plumbing to determine the missing amounts. Cash and cash equivalents Retained earnings Inventory Common stock Total current assets Inventory Property, plant, and equipment (net) Retained earnings $ 41,000 2 2 110,000 240,000 Accounts payable Accounts receivable Notes payable (due in 2 years) Property, plant and equipment (net) Total assets $ 33,000 121,000 51,000 410,000
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