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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.

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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. Required: Calculate the missing amounts for each firm. Firm A Firm B Firm C Total assets, 12/31/19 $ 319,000 $ 417,000 $ 539,000 219,000 143,000 90,000 50,000 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 000 81,000 29,000 110,000 60,000 Dividends declared and paid during 2019 Retained earnings, 1/1/19 58,000 68,000 34,000

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