Question: The information presented here represents selected data from the December 31, 2019, balance sheets and incom year then ended for three firms. Required: Calculate the

 The information presented here represents selected data from the December 31,

The information presented here represents selected data from the December 31, 2019, balance sheets and incom year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A $ 418,000 209,000 88,000 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 B Firm C $ 549,000 $ 318,000 150,000 35,000 318,000 74,000 112,000 26,000 61,000 36,000 41.000 74,000

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