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X Company plans to prepare annual financial statements. After the company's first year of operation, the following financial statement information is available: $15,020 7,595 Balance

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X Company plans to prepare annual financial statements. After the company's first year of operation, the following financial statement information is available: $15,020 7,595 Balance Sheet Total assets Total liabilities Total Paid-In Capital Income Statement Total revenue 4,448 $20,900 What were total expenses for the year? A: $13,093 B: $15,319 C: $17,923 D: $20,970 E: $24,535 F: $28,706

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