Solved: What will ending baldwins balance in common stock, Finance Basics

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What will ending baldwins balance in common stock

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

Total Assets $209,961
Total Liabilities $130,905
Retained Earnings $26,979

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?

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