Question: The information presented here represents selected data from the December 31, 2022, balance sheets and income statements for the year then ended for three

The information presented here represents selected data from the December 31, 2022, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Firm A Firm B Firm C Total assets, 12/31/22 Total liabilities, 12/31/22 $ 402,000 $ 536,000 $324,000 205,000 137,000 Paid-in capital, 12/31/22 77,000 35,000 Retained eamings, 12/31/22 314,000 Net income for 2022 79,000 118,000 Dividends declared and paid during 2022 58,000 12,000 63,000 Retained earnings, 1/1/22 83,000 48,000

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