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. Firm A Firm B Firm Bock C $ 261.000 $ 312,000 123,000 84,000 48,000 33,000 etences Total assets, 12/31/19 Total abilities, 12/31/19 Pald.in capital 12/31/19 Retained earnings, 12/31/19 Net Income for 2019 Dividends declared and paid during 2019 Retained earings, 1/1/19 35,400 111,600 66,000 48.000 40.800 7.2001 30,000 16,800 74,400
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