[SOLVED] The Baldwin company currently has the following balances on their balance sheet:
The Baldwin company currently has the following balances on their balance sheet: Assets $219,040 Common Stock $52,266 Retained earnings $34,045 Suppose next year the Baldwin Company generates $20,000 in net profit, pays $10,000 in dividends, assets change to $151,000, and common stock remains unchanged. What must their total liabilities be next year?
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- $54,689
- $34,689
- $132,729
- $106,955
