As of August 31 of the current year, Gladstone, Inc.'s assets and liabilities are as follows: Cash
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Question:
As of August 31 of the current year, Gladstone, Inc.'s assets and liabilities are as follows:
Cash $29,400;
Ingredients, $790;
Equipment, $9,400;
Accounts Payable, $8,200.
What is the equity amount as of 31 August of the current year?
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