Question: The information presented here represents selected data from the December 31, 2010, balance sheets and income statements for the year then ended for three firms.

The information presented here represents selected data from the December 31, 2010, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. (Omit the "$" sign in your response.) Firm A Firm B Firm C Total assets, 12/31/10 $ $ 522,000 $ 624,000 Total liabilities, 12/31/10 96,000 246,000 Paid-in capital, 12/31/10 66,000 70,800 168,000 Retained earnings, 12/31/10 223,200 Net income for 2010 81,600 132,000 97,200 Dividends declared and paid during 2010 14,400 33,600 Retained earnings, 1/1/10 60,000 148,800

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