What must their total liabilities be next year

Reference no: EM13267854

The Baldwin company currently has the following balances on their balance sheet: Assets $221,975 Common Stock $50,264 Retained earnings $36,504 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

$54,232

$34,232

$135,207

$104,496

Reference no: EM13267854

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