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The information presented here represents selected data from the December 31, 2022, balance sheets and...

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Accounting

The information presented here represents selected data from the December 31, 2022, balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm. Total assets, 12/31/22 Total liabilities, 12/31/22 Paid-in capital, 12/31/22 Retained earnings, 12/31/22 Net income for 2022 Dividends declared and paid during 2022 Retained earnings, 1/1/22 Firm A 48,000 33,000 40,800 7,200 30,000 Firm B $ 261,000 $ 35,400 111,600 66,000 74,400 Firm C 312,000 123,000 84,000 48,600 16,800
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The information presented here represents selected data from the December 31 , 2022 , balance sheets and income statements for the year then ended for three firms. Required: Calculate the missing amounts for each firm

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