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 $310,000 150,000 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 $870,000 $160,000 110,000 118,000 90,000 372,000 136,000 24,000 100,000 220,000 50,000 32,000 ? 248,000