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 48,000 $ 261,000 $ 312,000 123,000 Paid-in capital, 12/31/19 33,000 35,400 84,000 Retained earnings, 12/31/19 111,600 Net income for 2019 40,800 66,000 48,600 Dividends declared and paid during 2019 7,200 16,800 Retained earnings, 1/1/19 30,000 74,400