The information presented here represents selected data from the December 31, 2016, 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, 12/31/16		$348,000	$416,000
Total liabilities, 12/31/16	64,000		164,000
Paid-in capital, 12/31/16	44,000	47,200	112,000
Retained earnings, 12/31/16		148,800
Net income for 2016	54,400	88,000	64,800
Dividends declared and paid during 2016	9,600		22,400
Retained earnings, 1/1/16	40,000	99,200