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The Baldwin company currently has the following balances on their balance sheet: Assets $242,595 Common Stock $54,642 Retained earnings $45,482 Suppose next year the Baldwin
The Baldwin company currently has the following balances on their balance sheet: Assets $242,595 Common Stock $54,642 Retained earnings $45,482 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?
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$40,876
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$20,876
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$142,471
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$95,518
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