Question: The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms.
The information presented here represents selected data from the December 31, 2019, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. 111 points eBook Firma Print References 56,000 38,500 Total assets, 12/31/19 Total liabilities, 12/31/19 Paid-in capital, 12/31/19 Retained earnings, 12/31/19 Net income for 2019 Dividends declared and paid during 2019 Retained earnings, 1/1/19 Firm B Firm $ 304,500 $ 364,000 143,500 41,300 98,000 130,200 77,000 56,700 19,600 86.800 47.600 8.400 35,000
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