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In the Chapter Light homework you were given the following information on ABC Enterprises. In its closing financial statements for its first year in business. ABC Enterprises, had cash of $242. accounts receivable of $850. inventory of $820. net fixed assets of $3, 408. accounts payable of $700. short-term notes payable of $740. long-term liabilities of $1.100. common stock of $1.160. retained earnings of $ 1.620, net sales of $2, 768, cost of goods sold of $1, 210. depreciation of $360. interest expense of $160, taxes of $312, addition to retained earnings of $508, and dividends paid of $218. In addition you calculated a number of ratios. Using the information provided and the ratios you calculated create the company's income statement and balance sheet.

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