Question 14. Intelligence Touching Company has the following as of December 31st, 20X1: Revenues for the reporting period: Revenues from Services $17,500; Expenses for the reporting period: Salaries Expense $4,800; Rent Expense $3,000; Supplies Expense $ 400; Depreciation Expense - Furniture $300; Depreciation Expense - Building $250; Utilities Expense $100; Interest Expense $100; 1. Calculate the Net income for the reporting period concluding on December 31st, 20X1. 2. Calculate the Retained Earnings at December 31st, 20X1, taking into consideration that the Retained Earnings at the beginning of the same reporting period were $0 ($zero), and the Dividends paid (or payable) were $5,000. 3. Calculate the Total Stockholders' Equity on December 31st, 20X1 taking into consideration that the Common Stock Equity amounts to $92,000