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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 $ 478,500 $572,000 Total liabilities, 12/31/19 88,000 225,500 Paid-in capital, 12/31/19 60,500 64,900 154,000 Retained earnings, 12/31/19 204,600 Net income for 2019 74,800 121,000 89,100 Dividends declared and paid during 2019 13,200 30,800 Retained earnings, 1/1/19 55,000 136,400

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