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.

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.

	Firm A	Firm B	Firm C
Total assets, 12/31/16	$402,000	$545,000	$316,000
Total liabilities, 12/31/16	212,000	149,000
Paid-in capital, 12/31/16	70,000		39,000
Retained earnings, 12/31/16		319,000
Net income for 2016		79,000	116,000
Dividends declared and paid during 2016	58,000	26,000	56,000
Retained earnings, 1/1/16	70,000		46,000