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CHALLENGE Baldwin Products Company anticipates reaching a sales level of $6 million in one year....

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Accounting

CHALLENGE Baldwin Products Company anticipates reaching a sales level of $6 million in one year. The company expects earnings after taxes during the next year to equal $400,000. During the past several years, the company has been paying $50,000 in dividends to its stockholders. The company expects to continue this policy for at least the next year. The actual balance sheet and income statement for Baldwin during 2016 follow

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