Retained earnings, December 31, 2022 $ 630, 900 Decrease in total liabilities during 2022 137 , 400 Gain on the sale of buildings during 2022 48, 300 Dividends declared and paid in 2022 13, 500 Proceeds from sale of common stock in 2022 Net income for the year ended December 31, 2022 148, 200 67, 800 10 points Required: From the above data, calculate the retained earnings balance as of December 31, 2021. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. eBook References Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2022 Retained Earnings, December 31, 2021 Retained Earnings, December 31, 2022 2 Listed here are a number of financial statement captions. Indicate in the spaces to the right of each caption the category of each item and the financial statement(s) on which the item can usually be found. Note: If an item does not apply select the option "Neither" for Financial Statement(s). Caption Category Financial Statement(s) 10 points Accumulated depreciation Long-term debt e Book Equipment Loss on sale of short-term investments References Net income Merchandise inventory Other accrued liabilities Dividends paid Cost of goods sold Additional paid-in capital Interest income (for a financial institution.) Selling expenses The information presented here represents selected data from the December 31, 2022, balance sheets and income statements for the 4 year then ended for three firms: Required: Calculate the missing amounts for each firm. 10 points Firm A Firm B Firm C Total assets, 12/31/22 $ 870,000 $ 310,000 Total liabilities, 12/31/22 160,000 50,000 eBook Paid-in capital, 12/31/22 110,000 118,000 90.00 References Retained earnings, 12/31/22 372,000 Net income for 2022 136,000 220,000 60,000 Dividends declared and paid during 2022 24,000 32,000 Retained earnings, 1/1/22 100,000 248,000