The information presented here represents selected data from the

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The information presented here represents selected data from the December 31, 2013, balance sheets and income statements for the year then ended for three firms

  Firm A Firm B Firm C
Total assets 482,000 870,000 310,000
Total liabilities 160,000   150,000
Paid-in capital 110,000 118,000 90,000
Retained earnings 212,000 372,000  
Net income 136,000 220,000 51,000
Dividends declared and paid during 2013 24,000   33,000
Retained earnings 100,000 248,000