The Baldwin company currently has the following balances on their balance sheet: Assets $155,600 Common Stock $11,953 Retained earnings $78,886 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?

$50,161

$30,161

$64,761

$62,114