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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.

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. 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.

Firm A Firm B Firm C
Total assets, 12/31/19 $337,400 $609,000 $728,000
Total liabilities, 12/31/19 112,000 266,000 287,000
Paid-in capital, 12/31/19 77,000 82,600 196,000
Retained earnings, 12/31/19 148,400 260,400
Net income for 2019 95,200 154,000 113,400
Dividends declared and paid during 2019 16,800 39,200
Retained earnings, 1/1/19 70,000 173,600

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