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 $ 404,000 214,000 75,000 60,000 79,000 Firm B Firm C $ 546,000 $ 326,000 149,000 311,000 78,000 20,000 36,000 119,000 74,000 41,000
 The information presented here represents selected data from the December 31,

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

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