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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, 12/31/19 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 earings. 1/1/19 Firm A Firm B Firm C $ 402,000 $ 537 000 $ 324,000 207.000 142,000 32.000 33.000 306 000 82 000 110,000 44000 17 000 62.000 77.000 45 000

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