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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 threw Required:

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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 threw Required: Calculate the missing amounts for each firm. 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 A Firm B Firm $ 403,000 $ 531,000 $ 323,000 211,000 132,000 82,000 47,000 306.000 77,000 114,000 25,000 65,000 70,000 43,000 46,000

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