Question The comparative balance sheet for Earl Company is presented below: Earl Company Comparative Balance Sheet 31 December 20X8 and 20X7 20X7 $33,100 8,500 48,000 30,000 20X8 $41,000 ? Assets Cash Supplies Land 48,000 34,500 Equipment Liabilities and Equity Accounts payable Notes payable Capital stock Retained earnings $18,500 29,600 52,000 ? $21,400 28,000 52,000 35,100 Additional information for Earl's 20X8 operations revealed that the company had revenues of $68,000 for the year and no dividends were paid. Required Based on this information, compute the account balances below. Retained Earnings balance at 31 December 20X7. Supplies balance at 31 December 20X8. Total Current Assets as of 31 December 20X8. Total expenses incurred for 20X8. (a) (b) (TOTAL: 15 marks)