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                        $224,005Total Liabilities                  $139,262Retained Earnings            $31,298Suppose 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?  “Are you looking for this answer? We can Help click Order Now”

 

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