Balances in their liability and equity accounts

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Reference no: EM131479354

Andrews Company currently has the following balances in their liability and equity accounts:

Total Liabilities: $66,479,265

Common Stock: $13,308,000

Retained Earnings: $14,317,504

Suppose next year the Andrews Company generates $36,500,000 in Net Profit, pays $15,000,000 in dividends, and total liabilities and common stock remain unchanged.

Reference no: EM131479354

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