Firm A	Firm B	Firm C
Total assets, 12/31/13		$348,000	$416,000
Total liabilities, 12/31/13	64,000		164,000
Paid-in capital, 12/31/13	44,000	47,200	112,000
Retained earnings, 12/31/13		148,800
Net income for 2013	54,400	88,000	64,800
Dividends declared and paid during 2013	9,600		22,400
Retained earnings, 1/1/13	40,000	99,200