Question: I need help with this general accounting question using the proper accounting approach. An analyst has compiled the following financial information for a business entity:

I need help with this general accounting question using the proper accounting approach.

An analyst has compiled the following financial information for a business entity: Year-end liabilities: $1,200 Contributed capital at year-end: $800 Beginning retained earnings: $600 Revenue earned during the year: $5,500 Expenses incurred during the year: $5,000 No dividends or distributions were made to owners What is the estimate of total assets at year-end

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