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 firms:

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. Total assets, 12/31/22 Total liabilities, 12/31/22 Paid-in capital, 12/31/22 Retained earnings, 12/31/22 Net income for 2022 Dividends declared and paid during 2022 Retained earnings, 1/1/22 Firm A Firm B $ 405,000 $ 190,000 295,000 55,000 42,000 18,000 26,000 108,000 33,000 11,000 Firm C $ 202,000 30,000 71,000 24,000 44,000
 The information presented here represents selected data from the December 31,

The information presented here repesents selected data from the December 31, 2022. balance sheets and incoine statements for the year then ended for thisee firms. Required: Cakculate the missing amounts for each firm

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