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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

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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 Total liabilities, 12/31/19 104,000 $ 565,500 $ 676,000 266,500 Paid-in capital, 12/31/19 71,500 76,700 182,000 Retained earnings, 12/31/19 241,800 Net income for 2019 88,400 143,000 105,300 Dividends declared and paid during 2019 15,600 36,400 Retained earnings, 1/1/19 65,000 161,200

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