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What are the total assets and the total owners

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Reference no: EM132203910

Tobias Company has the following account balances after adjusting entries at December 31, 2012:

Accounts Payable$24,000

Dividends7,000

Treasury Stock, Common (22,000 shares)98,000

Preferred Stock ($10 par)80,000

Land220,000

Cash220,000

Equipment120,000

Accounts Receivable90,000

Common Stock ($1 par)365,000

Sales820,000

Prepaid Rent70,000

Bonds Payable (due 2030)120,000

Premium on Bonds Payable8,000

Cost of Goods Sold720,000

Interest Expense20,000

Unearned Revenue20,000

Allowance for Doubtful Accounts15,000

Operating Expenses97,000

Accumulated Depreciation- Equipment40,000

Paid-in Capital in Excess of Par Value, Common113,000

Retained Earnings57,000

What are the total assets and the total owners' equity on the December 31, 2012 balance sheet?

Reference no: EM132203910

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