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The following information is available from the records of Prestige Landscape Design Inc. at the end of the year:
Accounts payable $ 5,000Accounts receivable 4,500Capital stock 8,000Cash 13,000Dividends paid during the year 3,000Landscaping revenues $25,000Office equipment 7,500Rent expense 6,500Retained earnings, beginning of year 8,500Salary and wage expense 12,000
Use the previous information to answer the following questions.
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