The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $71,777 Common Stock$10,954 Retained Earnings$93,497 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

$197,728

$227,728

$104,451

$176,228