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P 1 . 1 1 B ( L 0 3 , 4 , 5 , 6 ) AP GG Company was formed on January 1

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P1.11B (L03,4,5,6) AP GG Company was formed on January 1,2024. On December 31, Gil Goodman, the owner, prepared a balance sheet:
\table[[\table[[GG COMPANY],[Balance Sheet],[December 31,2024]]],[Assets,Liabilities and Owner's Equity],[\table[[Cash],[Accounts receivable],[Supplies],[Boat]],\table[[$15,000
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