Question: The information presented here represents selected data ended for three firms. from the December 31, 2016, balance sheets and income statements for the year then
The information presented here represents selected data ended for three firms. from the December 31, 2016, balance sheets and income statements for the year then Required: Calculate the missing amounts for each firm. Firm A lFirmB | Firm C $ 412,000 543,000 $ 317,000 . Total assets, 12/31/16 Total liabilities, 12/31/16 Paid-in capital, 12/31/16 Retained earnings, 12/31/16 217.000 148,000 83,000 12,000 300,000 78,000 43,000 77,000 95,000 7,000 Net income for 2016 Dividends declared and paid during 2016 Retained earnings. 1/1/16 74,000 120,000 71,000 32,000 13,000
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