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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: Balance Sheet Total

X Company plans to prepare annual financial statements. After the company's first year of operation, the following financial statement information is available: Balance Sheet Total assets Total liabilities Total Paid-In Capital Income Statement Total revenue $15,314 7,095 4,425 $23,051 What were total expenses for the year

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