What is lerato most likely estimate of total assets

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Question: Lerato has compiled the following information regarding Fu River Ventures.

Liabilities at year -end 1000. Contributed capital at year -end 500. Beginning retained earnings 600. Revenue during the year 5000. Expenses during the year 4300. There have been no distractions to the owners. What is Lerato's most likely estimate of total assets at year -end? Show all your calculations.

Reference no: EM132092433

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