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The Baldwin Company currently has the following balances on their balance sheet: Total Assets $264,249 Total Liabilities $152,744 Retained Earnings $52,813 Suppose next year the
The Baldwin Company currently has the following balances on their balance sheet: Total Assets $264,249 Total Liabilities $152,744 Retained Earnings $52,813 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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$81,492
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$145,892
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$524,806
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$386,980
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