Question: gnment Saved The information presented here represents selected data from the December 31, 2019, balance sheets and income sta year then ended for three firms.
gnment Saved The information presented here represents selected data from the December 31, 2019, balance sheets and income sta year then ended for three firms. Required: Calculate the missing amounts for each firm. 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 Firm A Firm B Firm C $ 420,000 $ 540,000 $ 323,000 220,000 136,000 74,000 49,000 312,000 81,000 114,000 57,000 18.000 68,000 79.000 39.000 Next
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