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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.

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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. Total assets, 12/31/10 Total liabilities, 12/31/10 Paid in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2010 Dividends declared and paid during 2019 Retained earnings, 1/1/19 Firm A Firm B Firm $ 412,000 $ 533,000 $ 322.000 219,000 140,000 84.000 38.000 312,000 S2000 118.000 42 000 27000 63.000 77.000 34.000

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