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.

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Required:

Calculate the missing amounts for each firm.

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 S 400,000 532,000 321,000 Total assets, 12/31/16 Total liabilities, 12/31/16 Paid-in capital, 12/31/16 Retained earnings, 12/31/16 Net income for 2016 Dividends declared and paid during 2016 Retained earnings, 1/1/16 215,000 71,000 114,000 146,000 84,000 302,000 87,000 27,000 46,000 117,000 64,000 46.000 48,000 75.000