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2.10 02,3 Understanding financial statement relationships The information presented here represents selected data from the December 31, 2016, balance sheets and income statements for the
2.10 02,3 Understanding financial statement relationships The information presented here represents selected data from the December 31, 2016, balance sheets and income statements for the year then ended for three firms: Firm B $435,000 Firm A ? $80.000 55,000 ? 68,000 12,000 50,000 Firm C $155,000 75,000 45,000 Total assets, 12/31/16............. Total liabilities, 12/31/16 ................ Paid-in capital, 12/31/16................ Retained earnings, 12/31/16............. Net income for 2016 .... Dividends declared and paid during 2016 ... Retained earnings, 1/1/16............. 59,000 186,000 110,000 25,000 16,000 124,000 Required: Calculate the missing amounts for each firm
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