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1)The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $140,422 Common Stock $53,156 Retained Earnings $30,785 Suppose next year the

1)The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $140,422 Common Stock $53,156 Retained Earnings $30,785 Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year?

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