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value 1.11 points The information presented here represents selected data from the December 31, 2016, balance sheets and in Required: Calculate the missing amounts for

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value 1.11 points The information presented here represents selected data from the December 31, 2016, balance sheets and in Required: Calculate the missing amounts for each firm. Firm A Firm B Firm C Total assets, 12/31/16 $ 652.500 $ 780,000 Total liabilities, 12/31/16 120,000 307,500 Paid-in capital, 12/31/16 82,500 88,500 210,000 Retained earmings, 12/31/16 279.000 Net income for 2016 165,000 102,000 121,500 Dividends declared and paid during 2016 18,000 42,000 Retained eanings, 1/1/16 75,000 186,000 References eBook & Resources Worksheet Learning Objective: 02-02 Identify and explain the kind of information reported in each financial statement and describe how financial statements are related to each other B0 F3 FI F4 ES E6 F7 # & 2 3 4 5 7

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