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The information presented here represents selected data from the December 31, 2019, balance sheets and...

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Accounting

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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 88,000 60,500 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 C $ 478,500 $ 572,000 225,500 64,900 154,000 204,600 121,000 89,100 30,800 136,400 74,800 13,200 55,000

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