Question: Question 1 1 points Save Answer Blue Sky, Inc. had a balance of $400 000 in owners' equity at the end of last year (i.e.

Question 1
1 points
Save Answer
Blue Sky, Inc. had a balance of $400 000 in owners' equity at the end of last year (i.e. 31 December). During this year, the entity
recorded a net profit of $100 000, drawings of $60 000, and borrowed $20 000. What was the owners' equity at the end of this year as
at 31 December?

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