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The year-end financial statements of Grunewald Company contained the following elements and corresponding amounts: Assets...

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Accounting

The year-end financial statements of Grunewald Company contained the following elements and corresponding amounts:

Assets = $22,450

Common Stock = $5,000

Revenue = $11,270

Dividends = $810

Beginning Retained Earnings = $3,750

Ending Retained Earnings = $6,150

1. Based on this information, the amount of expenses on Grunewald's income statement was...?

2. The amount of liabilities reported on the end-of-period balance sheet was...?

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