Calculate the missing amounts for each firm. Firm A Firm B Firm C
Total assets, 12/31/13 $418,000 $550,000 $321,000
Total liabilities, 12/31/13 213,000 144,000
Paid-in capital, 12/31/13 74,000 49,000
Retained earnings, 12/31/13 303,000
Net income for 2013 82,000 114,000
Dividends declared and paid during 2013 58,000 17,000 61,000
Retained earnings, 1/1/13 70,000 38,000

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?