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The Baldwin company currently has the following balances on their balance sheet: Assets $248,778 Common Stock $56,087 Retained earnings $49,098 Suppose next year the Baldwin

The Baldwin company currently has the following balances on their balance sheet: Assets $248,778 Common Stock $56,087 Retained earnings $49,098 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?

  • $35,815

  • $15,815

  • $143,593

  • $91,902

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