If Baldwin issued 1000 shares of common stock at last year's end price, the effect on the balance sheet would be:

Select: 1

	Retained earnings would increase by $44,279
	Equity would decrease by $4,428
	Equity would increase by $44,279
	Retained earnings would increase by $4,428

Balance Sheet SSETS 2016 2017 Common Size 25.4% 9.196 30.3% ash ccounts Receivable 33,667 12,062 S40,780 32,228 S13,447 25,680 otal Current Assets 86,509 55.3% $71,353 lant & Equipment 96,824 (550,884) 73.1% 38.4% $96,824 (544,409) otal Fixed Assets S45,960 34.7% S52,415 otal Assets 5132,469 100.0% 5123,768 IABILITIES & OWNERS QUITY ccounts Payable urrent Debt ong Term Debt 10,153 S10,000 S27,209 77% 7.5% 20.5% 59,516 $15,717 S27,2 otal Liabilities S47,362 35.8% 52,442 $12,081 22,081 83,026 16.7% 47.8% ommon Stock Retained Earnings Total Equity Total Liab. & O. Equity S59,24 $71,325 5123,768 $85, 107 64.2% 5132.469 100.0% Balance Sheet SSETS 2016 2017 Common Size 25.4% 9.196 30.3% ash ccounts Receivable 33,667 12,062 S40,780 32,228 S13,447 25,680 otal Current Assets 86,509 55.3% $71,353 lant & Equipment 96,824 (550,884) 73.1% 38.4% $96,824 (544,409) otal Fixed Assets S45,960 34.7% S52,415 otal Assets 5132,469 100.0% 5123,768 IABILITIES & OWNERS QUITY ccounts Payable urrent Debt ong Term Debt 10,153 S10,000 S27,209 77% 7.5% 20.5% 59,516 $15,717 S27,2 otal Liabilities S47,362 35.8% 52,442 $12,081 22,081 83,026 16.7% 47.8% ommon Stock Retained Earnings Total Equity Total Liab. & O. Equity S59,24 $71,325 5123,768 $85, 107 64.2% 5132.469 100.0%