Exercise 2-10 (Static) Understanding financial statement relationships LO 2,3 The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms Required: Calculate the missing amounts for each firm. Firm A ces Total assets, 12/31/19 Firm B $870,000 $10,000 Firm C Total fiabilities, 12/31/19 160,000 150,000 Paid-in capital, 12/31/19. 110,000 118.000 90,000 Retained earnings, 12/31/19. 372,000 Net income for 2019 136,000 220,000 50,000 Dividends declared and paid during 2019 24,000 32.000 Retained earnings, 1/1/19 100,000 248,000