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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 B $ 541,000 149,000 Firm C $ 322,000 $ 402,000 223,000 88,000 44,000 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 300,000 84,000 13,000 45,000 74,000 115,000 72,000 45,000

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