On November 1 of the current ear, Rob Elliot invested $29,750.00 of his cash to form a conoration, 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. After all transactions have been entered into the accounting euation 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 $56,150.00 and total stockholders' equity of $38,300.00. Accounts Common Retained Fees Wages Rent Supplies Utilities Miscellaneous Cash Supplies Land Payable Stock Earnings Dividends Earned Expense Expense Expense Expense Expense $8,600.00 16,000.00 $5,000.00 $5,750.00 27,250.00 S6,425.00 $4,675.00 1.190.00 $460.00 Review the follawing questions. Pilace an'X" in the box to indicate which financial statementfs) report the desired information. Enter the amount reparted on the financial staterment Balance Income Retained Earnings Sheet Statement Amount 1. What is the amount reported for total liabilities and stockholders' equity on December 317 2. What is the retained earnings amount reported on December 31? . Haw much does GGE Enterprises Int. awe 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 ampunt of profit or loss during December? 7. What were the total expenses for December? 8. How much was pald for rent