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Hi! I tried to use other examples, but I wasn't sure how you guys got assets for Firm A while missing RE. The information presented

Hi! I tried to use other examples, but I wasn't sure how you guys got assets for Firm A while missing RE.

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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. Required: Calculate the missing amounts for each firm. Firm A Firm C S 728,000 287,000 196,000 112,000 77,000 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 Firm B $ 609,000 266,000 82,600 260,400 154,000 86,400 173,600 95,200 16,800 70,000 113,400 39,200

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