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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. Firm A Firm B Firm C 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 $ 406,000 $ 538,000 $ 333,000 220,000 138,000 78,000 49,000 311,000 92,000 118,000 43,000 17,000 56,000 75,000 47,000

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