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Brothers Mike and Tim Hargenrater began operations of their tool and die shop (H \& H Tool, Inc.) on January 1, 2019. The annual reporting period ends December 31 . The trial balance on January 1,2020 , follows: Transactions during 2020 follow: a. Borrowed $15,000 cash on a five-year, 8 percent note payable, dated March 1, 2020 , b. Purchased land for a future bullding site; paid cash, $13,000. Transactions during 2020 follow: a. Borrowed $15,000 cash on a five-year, 8 percent note payable, dated March 1, 2020. b. Purchased land for a future building site: paid cash, $13,000. c. Earned $215,000 in revenues for 2020 , including $52,000 on credit and the rest in cash. d. Sold 4,000 additional shares of capital stock for cash at $1 market value per share on January 1,2020. e. Incurred $89,000 in wages expense and $25,000 in miscellaneous expenses for 2020 , with $20,000 on credit and the rest paid in cash. f. Collected accounts receivable, $34,000. g. Purchased other assets, $15,000 cash. h. Purchased supplies on account for future use, $27,000. 1. Paid accounts payable, $26,000. 1. Signed a three-year $33,000 service contract to start February 1, 2021. k. Declared cash dividends on December 1,$25,000, which were paid by December 31, [Hint: Prepare two entries.] Data for adjusting entries: 1. Supplles counted on December 31, 2020, $18,000 m. Depreciation for the year on the equipment, $10.000. n. Interest accrued on notes payable (to be computed). 0. Wages earned by employees since the December 24 payroll but not yet paid, $16,000. p. Income tax expense, $11,000, payable in 2021. Use the drop-downs below to select the accounts that should be properly included on the income statement. Also, compute earnings per share. The unadjusted or adjusted balances will appear for each account, based on your selection in the drop-downs. (hound your Earnings per share answer to 2 decimal places.) Use the drop-downs below to select the accounts that should be properly included on the income statement. Also, compute earnings penshare. The unadjusted or adjusted balances will appear for each account, based on your selection in the drop-downs. (Round your Earnings per share answer to 2 decimal places.)

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