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The Baldwin Company currently has the following balances on their balance sheet:
Total Assets $137,459
Total Liabilities $58,600
Retained Earnings $70,305
Question 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?
Select:
Option 1: $148,554
Option 2: $31,354
Option 3: $95,754
Option 4: $321,364
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