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 C Total assets, 12/31/19 $ 417,000 $ 536,000 $ 328,000 Total liabilities, 12/31/19 209,000 132,000 Paid-in capital, 12/31/19 85,000 43,000 Retained earnings, 12/31/19 316,000 Net income for 2019 93,000 111,000 Dividends declared and paid during 2019 57,000 21,000.. 69,000 Retained earnings, 1/1/19 81,000 48,000

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Credit counseling teaches consumers about credit, budgeting, money management, and debt management. The counselor ensures that consumers can pay off their debts without declaring bankruptcy. Counselors also assist the negotiator, who negotiates with creditors on behalf of their clients to reduce interest rates on outstanding debt. Counselors can offer credit counseling to customers before or after they take on debt. Consumer Credit Counseling Services (CCCS) is a non-profit organization that offers credit counseling services. Some organizations can also be for profit. This type of organization comprises a group of professionals who are skilled negotiators.