The Baldwin company currently has the following balances on their balance sheet: Assets $261,656 Common Stock $58,449 Retained earnings $52,148 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?

Select : 1

• $30,403

• $10,403

• $151,059

• $88,852