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Please explain the calculation: The Baldwin Company currently has the following balances on their balance...

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Accounting

Please explain the calculation:

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

Total Liabilities $139,915 Common Stock $53,134 Retained Earnings $37,069

Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year?

Choices: $90,203 $251,618 $281,618 $230,118

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