Exercise 2-9 (Algo) Understanding financial statement relationships LO 2, 3 The information presented here represents selected data from the December 31, 2019, balance sheets and incom- year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B Firm C Total assets, 12/31/19 Total liabilities, 12/31/19 $ 410,000 $ 532,000 $ 333,000 212,000 148,000 Paid-in capital, 12/31/19 84,000 49,000. Retained earnings, 12/31/19 312,000 Net income for 2019 78,000 117,000 Dividends declared and paid during 2019 51,000 20,000 57,000 Retained earnings, 1/1/19 86,000 50,000