Question: 12 10 points Exercise 2-9 (Algo) Understanding financial statement relationships LO 2, 3 The information presented here represents selected data from the December 31,

12 10 points Exercise 2-9 (Algo) Understanding financial statement relationships LO 2,

12 10 points Exercise 2-9 (Algo) Understanding financial statement relationships LO 2, 3 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. Skipped Firm A Firm B Firm C Total assets, 12/31/19 Total liabilities, 12/31/19 $ 417,000 $ 531,000 $ 334,000 ellook Paid-in capital, 12/31/19 207,000 71,000 134,000 39,000 Retained earnings. 12/31/19 319,000 10 Net income for 2019 83,000 119,000 Print Dividends declared and paid during 2019 55,000 26.000 59,000 Retained eamings, 1/1/10 68.000 38,000 References

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