The Baldwin Company currently has the following balances on their balance sheet:

Total Liabilities $127,365

Common Stock $47,304

Retained Earnings $34,339

Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year?

Select: 1

$230,508

$260,508

$81,643

$209,008