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V GOOD OFFICE WORLD BALANCE SHEET as of December 31, 2007 ASSETS CASH $50,000 10% ACCOUNTS RECEIVABLE 90%% TOTAL ASSETS 100%% LIABILITIES ACCOUNTS PAYABLE $25,000 5% NOTES PAYABLE 25% TOTAL LIABILITIES 30% EQUITY TOTAL EQUITY $350,000 70% TOTAL LIABILITIES + EQUITY 100% Based on the vertical analysis of the balance sheet above, the balance of total assets is Type here to search O iI C (U