The Baldwin company currently has the following balances on their balance sheet: Assets $255,569 Common Stock $55,426 Retained earnings $52,621 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? Select: 1

$32,953

$12,953

$147,522

$88,379