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What ending baldwins balance in common stock be next year

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Reference no: EM132954645

The Baldwin Company currently has the following balances on their balance sheet:

Total Assets $221,697

Total Liabilities $135,429

Retained Earnings $34,716

Problem 1: 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?

Reference no: EM132954645

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