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. Firm C $ 326,000 $ Firm B $ 531,000 137,000 Firm A 419,000 217,000 76,000 I 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 36,000 304,000 81,000 14,000 48,000 74,000 119,000 59,000 36,000