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Brothers Harry and Herman Hausyerday began operations of their machine shop (H \& H Tool, Incorporated) on January 1 , 2020. The annual reporting period ends December 31. The trial balance on January 1, 2021, follows (the amounts are rounded to thousands of dollars to simplifyl. Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $11 cash on March 1 using a short-term note. b. Purchased land on March 2 for future buliding site; paid cash, $8. c. lssued additional shares of comenon stock on April 3 for $33. d. Purchased sottware on July 4,$11 cash. e. Purchased supplies on account on October 5 for future use, $19. 1. Paid accounts payable on November 6, 512 . g Signed a $20 service contract on November 7 to start February 1, 2022. h. Recorded revenues of \$142 on December 8, inchuding \$31 on credit and $111 collected in cash. i Recognized salaries and wages expense on Decernber 9,$76 paid in cash. 1. Collected accounts recelvable on December 10,$15. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $4. 1. Supplies counted on December 31,2021,$12. m. Depreciation for the year on the equipment, \$5. n. Interest of $1 to accrue on notes payable. 0 . Salaries and wages earned but not yet paid or recorded, $11. p. Income tax for the year was $7. It will be paid in 2022 . Required: 6-a. Prepare an income statement. 6-b. Prepare the statement of retained earnings. 6-c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. (1) Required information ( Req 68

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