Please calculate the amounts and check the correct boxes.

On November 1 of the current year, Rob Eliot invested $29,750.00 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. Anet all wransactions have been entered into the accounting equation for the month of December, the ending balances for selected toms on December 31 follow. On that date, the financiat statements were prepared. The balance sheet reported total assets of $56,150.00 and total stockholders' equity of $38,300.00 Accounts Receivable $8,600.00 Cash Accounts Payable ? Land $16,000.00 Common Stock ? Retained Earnings $5,000.00 Supplies Expense Dividends 55.750,00 Fees Earned $27,250,00 Rent Expense $8.425.00 Utilities Expense $4,675.00 Wages Expense $1,190,00 Miscellaneous Expense $460.00 ? Review the following questions. Place an Xin the box to indicate which triancial statements) report the desired Hitormation. Enter the amount reported on the financial statement Balance Sheet Income Statement Retained Earnings Statement X 1. What is the amount reported for total liabilities and stockholders' equity on December 31 2. What is the retained earning 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? 8. What is the amount of profit or loss during December? 7. What were the total expenses for December? B. How much was paid for supplies? Amount $56, 150.00 $8,550.00 $17,850.00 $31,550.00 $3,550.00 $4,300.00 $22.950.00 X X $10,200.00