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The Baldwin company currently has the following balances on their balance sheet: Assets$177,406 Common Stock$11,891 Retained earnings$90,833 Suppose next year the Baldwin Company generates $20,000

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

Assets$177,406

Common Stock$11,891

Retained earnings$90,833

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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