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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
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. 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, 1/1/10 Firm A Firm B Firm C $409,000 $542,000 $ 319,000 210,000 139,000 82,000 77,000 36,000 128, 000 305,000 101, 000 93,000 119,000 41,000 27,000 61,000 73,000 380, 000 47,000
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