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The Baldwin company currently has the following balances on their balance sheet: Assets $258,364 Common...

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Accounting

The Baldwin company currently has the following balances on their balance sheet: Assets $258,364 Common Stock $61,184 Retained earnings $36,612 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?

  • $43,204

  • $23,204

  • $160,568

  • $104,388

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