GGE Enterprises Inc. On November of the current year, Rob Etio invested 530,500.00 of his cash to form a corporation, GGE 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. Aller a transactions have been entered into the accounting equation for the month of December, the ending balances for selected items on December 31 follow. On that date, the financial statements were prepared. The balance sheet reported total assets of $54.400 00 and total stockholders' equity of $38,955 00 Cash Supplies 58,350.00 Accounts Payable and $15,500 00 Common Stock Retained Earnings $5,000.00 Dividends $5,750.00 Service Revenue $27.250.00 Utilities Expense 56,450.00 Wages Expense ? Rent Expense $4,625.00 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 Balance Sheet Income Statement Retained Earnings Statement 1. What is the amount reported for total liabilities and stockholders equity on December 317 Amount 2 What is the retained earnings amount reported on December 31? 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? $54,400.00 and total stockholders' equity of 338,955.00 Accounts Payable Common Stock Cash Supplies 58,350.00 Land $15,500.00 Retained Earnings $5,000.00 Service Revenue $27,250.00 Dividends $5,750.00 Utilities Expense 56,450.00 Wages Expense Rent Expense $4,625.00 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 Balance Sheet Income Statement Retained Earnings Statement Amount 1. What is the amount reported for total liabilities and stockholders' equity on December 31? 2. What is the retained earnings amount reported on December 31? 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? 0000 000 0000 000 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