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Question 1

A company has the following accounts included in its trial balance as of December 31
Preferred stock$200,000
Common stock$285,000
Bonds payable$34,000
Obligations under finance leases$65,000
Additional paid-in capital$50,000
Non-controlling interests$13,500
Retained earnings$78,000
Treasury stock$56,000
Accumulated other comprehensive income$22,000
 
What amount of equity will be reported on me company’s balance sheet as of December 31?

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