Exercise 2-9 (Static) 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. Answer is complete but not entirely correct. Firm A Firm B Firm C Total assets, 12/31/19 S 210,000 270,000 162,000 Total liabilities, 12/31/19 108,000 72,000 97,000 Paid-in capital, 12/31/19 37,000 75,000 20,000 Retained earnings, 12/31/19 65,000 155,000 45,000 Net income for 2019 51,000 41,000 56,000 Dividends declared and paid during 2019 25,000 9,000 32,000 Retained earnings, 1/1/19 39,000 123,000 21,000