What must their total liabilities be next year

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Reference no: EM131327152

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?

Reference no: EM131327152

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