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Required: Calculate the missing amounts for each firm. Firm A Firm B Firm C Total assets, 12/31/22 $ 522,000 $ 624,000 Total liabilities, 12/31/22 96,000
Required: Calculate the missing amounts for each firm. Firm A Firm B Firm C Total assets, 12/31/22 $ 522,000 $ 624,000 Total liabilities, 12/31/22 96,000 246,000 Paid-in capital, 12/31/22 66,000 70,800 168,000 Retained earnings, 12/31/22 223,200 Net income for 2022 81,600 132,000 97,200 Dividends declared and paid during 2022 14,400 33,600 Retained earnings, 1/1/22 60,000 148,800
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