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The Baldwin Company currently has the following balances on their balance sheet: Total Assets $261,162 Total Liabilities $161,744 Retained Earnings $38,331 Suppose next year the

The Baldwin Company currently has the following balances on their balance sheet: Total Assets $261,162 Total Liabilities $161,744 Retained Earnings $38,331 Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets increase by $55,000, and total liabilities remain unchanged. What will ending Baldwins balance in Common Stock be next year?

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  • $83,887

  • $148,287

  • $516,237

  • $407,375

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