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Accounts payable: $ 20,000
Accounts receivable: $ 40,000
Accumulated depreciation - Buildings and equipment: $ 80,000
Buildings and equipment: $ 290,000
Cash: $ 10,000
Common stock: $ 70,000
Cost of goods sold: $ 100,000
Depreciation expense: $ 30,000
Dividends: $ 50,000
Inventory: $ 40,000
Long-term notes payable: $ 90,000
Retained earnings (beginning balance): $ 60,000
Service revenue: $ 280,000
Supplies: $ 15,000
Supplies expense: $ 20,000
Unearned revenue: $ 55,000
Wage expense: $ 60,000
calculate net income
calculate ending retained earnings
calculate total assets
calculate total current liabilities
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