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Prepare professional looking balance sheet for ABD company, dated Dec. 31, 2013:
Accounts payable........................................ $290,000
Cash.............................................................. 435,000
Inventory........................................................ 420,000
Common Stock ( $1 : 00 par)......................... 285,000
Accounts receivable....................................... 486,000
Allowance for bad debt.................................... 74,000
Paid-in-capital................................................ 512,000
Retained Earnings .......................................... ?
Plant and equipment................................... 1,715,000
Accumulated Depreciation............................ 438,000
Bonds payable.............................................. 955,000
Wages payable............................................ 290,000
Taxes payable .................................................66,000
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