Part 1 Financial Accounting Understanding financial statement relationships The information pre here represents selected data from the December 31, 2019. balance sheets any statements for the year then ended for three firms: information presented %, balance sheets and income Firm C $162,000 ................. Firm A Firm B $210,000 $270,000 108,000 72,000 37,000 155,000 41,000 25,000 9,000 39,000 Total assets, 12/31/19 .... Total liabilities, 12/31/19... Paid-in capital, 12/31/19 .. Retained earnings, 12/31/19.............. Net income for 2019 ...... Dividends declared and paid during 2019.. Retained earnings, 1/1/19 .. 20,000 ? 56,000 32,000 21,000 ired: late the missing amounts for each firm. Part 1 Financial Accounting Understanding financial statement relationships 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: Firm C $162,000 20,000 Total assets, 12/31/19 ...... Total liabilities, 12/31/19......... Paid-in capital, 12/31/19 ......... Retained earnings, 12/31/19............. Net income for 2019....... Dividends declared and paid during 2019.. Retained earnings, 1/1/19 ........ Firm A Firm B $210,000 $270,000 108,000 72,000 37,000 ? 155,000 41,000 25,000 9,000 39,000 56,000 32,000 21,000