Can I help understanding how to get the correct answers for the profit and loss, the total expenses and wages paid? Thank You.

1-4 Problem Set: Chapters 1 and 2 Calculator Print item . STO STOK On November 1 of the current year, Rob Elliot invested $31,000 00 of his cash to form a corporation. OGE Enterprises Inc., in exchange for shares of common stock. No other common stock was issued during November or December. After a very successful first month of operations, the retained earnings as of November 30 were reported at $5,000 00. After all transactions have been entered into the accounting equation for the month of December, the ending balances for selected terms on December 31 follow On that date, the financial statements were prepared. The balance sheet reported total assets of $53,900.00 and total stockholders' equity of $37.705.00 Cash Supplies $7,850 00 Land $15,000.00 Accounts Payable 2 Common Stock 2 Retained Earnings $5.000.00 Dividends $6,500.00 Fees Earned $26,250.00 Utilities Expense $6,475.00 Wages Expense ? Rent Expense $4,500.00 Supplies Expense $1,310.00 Miscellaneous Expense $460.00 ? Review the following questions Place an X in the box to indicate which financial statement(s) report the desired information Enter the amount reported on the financial statement. Income Statement Retained Earnings Statement Balance Sheet X X 1. What is the amount reported for total liabilities and stockholders' equity on December 312 2. What is the retained earnings amount reported on December 317 3. How much does GGE Enterprises Inc. owe to its creditors? 4. How much cash is being held by GGE Enterprises Inc.? 5. By what amount did retained earnings increase or decrease during the period? 6. What is the amount of profit or loss during December? 7. What were the total expenses for December? 8. How much was paid for wages? Amount $53,900.00 $6,705 00 $16,195.00 $31,050 00 $1,705.00 $5,000.00 X $19,545.00 X $6,800.00 X X Points 29/32 Check My Work