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Question - Waterway Industries compiled the following financial information as of December 31, 2017:
Service revenue $1200000
Common stock 230000
Equipment 309000
Operating expenses 925000
Cash 282000
Dividends 75000
Supplies 42000
Accounts payable 158000
Accounts receivable 104500
Retained earnings, 1/1/17 555000
Required - Determine the Waterway assets on December 31, 2017?
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