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Question - Novak Corp. compiled the following financial information as of December 31, 2017:
Service revenue $1165000
Common stock 230000
Equipment 308000
Operating expenses 968000
Cash 284000
Dividends 79000
Supplies 39000
Accounts payable 154000
Accounts receivable 114500
Retained earnings, 1/1/17 566000
Required - Determine the Novak stockholders' equity on December 31, 2017?
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