Topic $1$ Assignment

Saved

Help

$2$

The information presented here represents selected data from the December $31,2022,$ balance sheets and income statements for the year then ended for three firms.

$10$

Required:

points

Calculate the missing amounts for each firm.

$02$:$58$:$10$

eBook

Hint

References

$\backslash$table$[[,$Firm A$,$Firm B$,$Firm C$],[$Total assets, $\frac{12}{31}\frac{?}{22},$$$,414,000,$$$,535,000,$$$,320,000],[$Total liabilities, $12/31/22,,224,000,,147,00co{n}^3,,],[$Paid$-$in capital, $12/31/22,,75,000,,,,47,000],[$Retained earnings, $\frac{12}{31}\frac{?}{22},,,,302,000,,],[$Net income for $2022,,,,86,000,,115,000],[$Dividends declared and paid during $2022,,49,000,,26,000,,59,000],[$Retained earnings, $\frac{1}{1}\frac{?}{22},,85,000,,,,45,000]]$