Question: Inventory $ 9 , 5 0 0 ? Common equity 1 6 , 5 5 0 Cash 1 , 3 5 0 Operating expenses 2

Inventory $ 9,500? Common equity 16,550 Cash 1,350 Operating expenses 25,600 Notes payable 900 Interest expense 1,200 Depreciation expense (Not included in operating expenses) Net sales 16,000 Accounts receivable 9,600 Accounts payable 4,800 Long-term debt 65,000 Cost of goods sold 5,750 Buildings and Equipment 165,000 Accumulated Depreciation 26,000 Taxes Paid for 20231,840 Common stock dividend paid 830 Common Stock value 40,000 What is the common equity amount on the balance sheet?

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