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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. X Answer is not complete. Firm B Firm C $ 332,000 $ 542,000 Firm A $ 409,000 206,000 85,000 140,000 32,000 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, 1/1/19 118,000 315,000 91,000 13,000 111,000 72,000 59,000 78,000 33,000
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