Required information The year-end financial statements of Grunewald Company contained the following elements and corresponding amounts. Assets = $21,800; Common Stock = $5,000; Revenue = $10,880; Dividends = $720; Beginning Retained Earnings = $3,855; Ending Retained Earnings = $6,375. Based on this information, the amount of expenses on Grunewald's income statement was? AND The amount of liabilities reported on the end-of-period balance sheet was?