20 Required Information [The following information apples to the questions displayed below) 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 simplify Account Titles Debit Credit Cash $.4 Accounts Receivable 4 Supplies 11 Land Equipment 53 Accumulated Depreciation Software Accumulated Anortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock 65 Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Anortization Expense Income Tax Expense Interest Expense Supplies Expense Totals 5.92 Transactions and events during 2021 (summarized in thousands of dollars) follow. a Borrowed $13 cash on March 1 using a short-term note b. Purchased land on March 2 for future building Site paid cash, Issued additional shares of common stock on April 3 for $31. d. Purchased software on July 4, $12 cash e Purchased supplies on account on October 5 for future use. $17 Paid accounts payable on November 6, 514 9 Signed a $30 service contract on November 7 to start February 1, 2022 h Recorded revenues of $146 on December 8, including $33 on credit and $113 collected in cash Recognized salaries and wages expense on December 9, 578 paid in cash Collected accounts receivable on December 10, $17 Data for adjusting journal entries as of December 31 Unrecorded amortization for the year on software. $7 Supplies counted on December 31, 2021, 511 m. Depreciation for the year on the equipment, 57 n Interest of $210 accrue on notes payable Salaries and wages earned but not yet paid or recorded. $13. pIncome tax for the year was $9. It will be paid in 2022 9-c. What is its current ratio? Complete this question by entering your answers in the tabs below. Reg 9A Reg 9B Re90 How much net income did H & H Tool, Incorporated, generate duning 2021? What was its net profit margin? (Enter "Net Income in thousands of dollars. Round "Net Profit Margin' to I decimal place) Not Income Net Profit Margin Complete this question by entering your answers in the tabs below. Reg9A Reg 9B Reg 90 Is the company financed primarily by liabilities or stockhold'equity? Stockholders Eauity Labies ( ReqSA Regs > Complete this question by entering your answers in the tabs below. Rea SA Reg 96 Bog 9 What is current ratio (Enter your adventh and of dollar Current Ratio Numerator Denominator