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The following information relates to Smoothie Incorporated.
Beginning assets = 200,000
Beginning liabilities = 124,000
Beginning equity = 76,000
Sales during the year = 617,000
Expenses (including taxes) during the year = 561,000
Dividends during the year = 14,000
Proceeds from the issuance of stock = 35,000
Ending assets = 285,000
Using the accounting equation, what is the ending balance of equity?
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