Print Item Revenues end up in the Assets section GGE Enterprises Inc On November 1 of the current year, Rob tillot invested $29,500 of his cash to form a corporation, GGE Enterprises Inc., in exchange for shares of common stock. No ot was issued during November or December. Alter a very sucessful first month of operations, been entered into the accounting equation for the month of December, the ening balances for selected prepared. The balance sheet reported total assets of $55,900 and total stockholders' equity of $37,425 the retained earnings as of November 30 were reported at $5,000. After all transactions have tems on December 31 follow. On that date, the financial statements were Accounts Common Retained Fees Wages Rent Supplies tilities -Stock Earnings Dividends famed Exp nse Expense 1 pense 'xpene $5,000 $5,750 $26,s00 $6,300 7 $4,625 $1,265 Cash Supplies Land $8,850 $16,750? Review the following questions. Indicate which financial statement(s) report the desired information. Enter the on (Select "Yes" or "No" from the below dropdowns.) amount reported on the financial statement. Statement of Stockholders Eqaity Income 1. What is the amount reported for total iabilities and stockholders on December 317 2. What is the retained eamings amount reported on December 31? 3. How mach does GGE Enterprises Inc. owe to its creditors? 4 How mach cash is being held by GGE Enterprises Inc.? S. 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 rent? Next SONY