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Unformatted text preview: Accounts payable 62,305 60,445 Notes payable 126,080 131,635 Capital 131,566 121,820 Retained earnings, Dec. 31 30,843 26,809 Total Liabilities and Equity 350,794 340,709 Although many answers would be acceptable regarding the companys operational success and financial position, answers should address key income statement elements such as the companys improving revenues, increasing costs and/or decreasing net income for operational success as well as the companys changes in balance sheet items such as cash, equipment, accounts or notes payable for financial position....
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