The Baldwin company currently has the following balances on their balance sheet: Assets $268,850 Common Stock $58,144 Retained earnings $51,396 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

A. $89,604

B. $31,460

C. $11,460

D. $159,310