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Use the starting balance sheet and statement of cash flows to answer the question. Gulf...

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Accounting

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Use the starting balance sheet and statement of cash flows to answer the question. Gulf Shipping Company Balance Sheet As of December 31, 2017 (amounts in thousands) Save your answer Cash Accounts Receivable Inventory 143,000 Accounts Payable 41,000 Debt 58,000 Other Liabilities 19,000 32,000 40,000 91,000 77,000 229,000 306,000 397,000 210,000 Total Liabilities Property Plant & Equipment, Gross Accumulated Depreciation 62,000 Paid-In Capital 148,000 Retained Earnings Property Plant& Equipment, Net Other Assets Total Assets 7,000 Total Equity 397,000 Total Liabilities & Equity

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