The information presented here represents selected data from the December 31, 2010, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing a

The information presented here represents selected data from the December 31, 2010, balance sheets and income statements for the year then ended for three firms.

Required:

Calculate the missing amounts for each firm. (Omit the “$” sign in your response.)

Firm A Firm B Firm C

Total assets, 12/31/10 $ $ 522,000 $ 624,000

Total liabilities, 12/31/10 96,000 246,000

Paid-in capital, 12/31/10 66,000 70,800 168,000

Retained earnings, 12/31/10 223,200

Net income for 2010 81,600 132,000 97,200

Dividends declared and paid during 2010 14,400 33,600

Retained earnings, 1/1/10 60,000 148,800

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