Exercise 2-11 (Static) Understanding financial statement relationships LO 2-2, 2-3 The information presented here represents selected data from the December 31, 2022, 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 Total assets, 12/31/22 $ 405,000 $ 190,000 $ 202,000 Total liabilities, 12/31/22 295,000 55,000 Paid-in capital, 12/31/22 42,000 30,000 Retained earnings, 12/31/22 108,000 Net income for 2022 33,000 71,000 Dividends declared and paid during 2022 18,000 11,000 24,000 Retained earnings, 1/1/22 26,000 44,000