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Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected...

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Accounting

Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $56,900; total assets, $219,400; common stock, $86,000; and retained earnings, $24,067.
\table[[,,\table[[CABOT CORPORATION],[Balance Sheet],[December 31 of current year]],],[Assets,,Liabilities and Equity,],[Cash,$10,000,Accounts payable,$15,500
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