The information presented here represents selected data from the December 31, 2010, balance sheets and income statements for the year then ended for three firms:

Required:
Calculate the missing amounts for eachfirm.

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Firm C S420,000 $540,000 325,000 40,000 ?83,000 13,000 ? 42,000 Firm A Firm B Total assets, 12/31/10 Total liabilities, 12/31/10 Paid-in capital, 12/31/10 Retained earnings, 12/31/10 Net income for 2010 Dividends declared and paid during 2010 Retained earnings, 1/1/10 215,000 145,000 ?310,000 19,000 ..75,000 50,000 78,000 65,000