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The information presented here represents selected data from the December 31, 2022, balance sheets and income statements for the year then ended for three

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The information presented here represents selected data from the December 31, 2022, 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, 12/31/22 $ 435,000 $520,000 Total liabilities, 12/31/22 80,000 205,000 Paid-in capital, 12/31/22 55,000 59,000 140,000 Retained earnings, 12/31/22 186,000 Net income for 2022 68,000 110,000 81,000 Dividends declared and paid during 2022 12.000 28,000 Retained earnings, 1/1/22 50,000 124,000

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