Exercise 2-10 (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. Firm B Firm A Firm C $ 435,000 $ 520,000 Total assets, 12/31/19 Total liabilities, 12/31/19 205,000 80,000 55,000 Paid-in capital, 12/31/19 59,000 140,000 Retained earnings, 12/31/19 186,000 Net income for 2019 68,000 110,000 81,000 Dividends declared and paid during 2019 28,000 12,000 Retained earnings, 1/1/19 50,000 124,000