Firm A Firm B Firm C Total assets, 12/31/22 $405,000 $190,000 $202,000 Total liabilities, 12/31/22 295,000 55,000 Paid-in capital, 12/31/22 42,000 30,000 Retained earnings, 12/31/22 108,000 Net income for 2022 33,000 71,000 Dividends declared and paid during 2022 18,000 11,000 24,000 Retained earnings, 1/1/22 26,000 44,000