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QUESTION
The Baldwin Company currently has the following balances on their balance sheet:
The Baldwin Company currently has the following balances on their balance sheet:
Total Assets $224,005
Total Liabilities $139,262
Retained Earnings $31,298
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?
