Question: The information presented here represents selected data from the December 31, 2022, balance sheets year then ended for three firms. Required: Calculate the missing

The information presented here represents selected data from the December 31, 2022,

The information presented here represents selected data from the December 31, 2022, balance sheets 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, 12/31/22 $ 415,000 $ 543,000 $ 334,000 Total liabilities, 12/31/22 211,000 133,000 109,000 Paid-in capital, 12/31/22 83,000 96,000 47,000 Retained earnings, 12/31/22 287,000 314,000 178,000 Net income for 2022 227,000 84,000 116,000 Dividends declared and paid during 2022 60,000 26,000 56,000 Retained earnings, 1/1/22 81,000 256,000 49,000

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