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Balance Sheet December 31, 2007 Assets Current Assets Cash $19,472 Accounts receivable 6,920 Prepaid rent 2,280 Total current assets 28,672 Property, plant, and equipment Equipment $18,050 Less Accumulated depreciation (4,895) 13,155 Total assets $41,827 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 5,472 ... ................
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