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The information presented here represents selected data from the December 31, 2013, 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, 2013, balance sheets and income statements for the year then ended for three firms. Calculate the missing amounts for each. Firm A Total assets, 12/31/13..... Total liabilities, 12/31/13 Paid-in capital, 12/31/13... Retained earnings, 12/31/13. Net income for 2013.... Dividends declared and paid during 2013... Retained earnings, 1/1/13... ? $160,000 110,000 ? 136,000 24,000 100,000 Firm B Firm C $870,000 $310,000 ? 150,000 118,000 90,000 372,000 ? 220,000 51,000 ? 33,000 248,000

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