Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Deferred Revenue: Common Stock Retained Earnings Service Revenue Supplies Expense Depreciation Expense Salaries and wages Expense Amortization Expense Interest Expense Income Tax Expense Totals Debit $ 5 0 4 3 6 12 Credit $ 30 $ 30 e 15 2 6709 Transactions during 2021 (summarized in thousands of dollars) follow: a. Borrowed $15 cash on July 1, 2021, signing a six-month note payable. b. Purchased equipment for $17 cash on July 2 c. Issued additional shares of common stock on July 3 for $4. d. Purchased additional equipment on August 4, $4 cash. M e. Received supplies on account on supplies on September 5 for future use, $9. 1 On December 6, recorded revenues in the amount of $58, including $8 on credit and $50 received in cash. 9. Paid salaries and wages expenses on December 7, $25. h. Collected accounts receivable on December 8, $7. Paid accounts payable on December 9, $10. J. Received a $6 deposit on December 10 for work to start January 15, 2022 Data for adjusting journal entries on December 31: k. Amortization for 2021, $6. / Supplies of $5 were counted on December 31, 2021. m. Depreciation for 2021, $1 n. Accrued interest on notes payable of $2. o. Salaries and wages earned but not yet paid, $2 p. Income tax for 2021 was $5 and will be paid in 2022 Part 5 of 9 6-c. Prepare a balance sheet 26 points Complete this question by entering your answers in the tabs below. Req 6A Req 6B Req 6C & 02:18:13 eBook Print References Prepare an income statement. (Enter your answers in thousands of dollars.) LAZY SOFA FURNITURE, INCORPORATED Income Statement (in thousands) 0 1 Req BA Req 68 > Part 5 of 9 26 poets 02:18:04 k Amortization for 2021, $6. / Supplies of $5 were counted on December 31, 2021 m. Depreciation for 2021, $1 n. Accrued interest on notes payable of $2 o Salaries and wages earned but not yet paid. $2. p. Income tax for 2021 was $5 and will be paid in 2022 Book Print Required: 6-a. Prepare an income statement 6-b. Prepare statement of retained earnings 6-c. Prepare a balance sheet References Complete this question by entering your answers in the tabs below. Req 6A Req6B Req 6C Prepare statement of retained earnings. (Enter your answers in thousands of dollars.) LAZY SOFA FURNITURE, INCORPORATED Statement of Retained Earnings (in thousands) Balance January 1, 2021 Balance, December 31, 2021 Part 5 of 9 Required information 6-c. Prepare a balance sheet 26 points 03 Complete this question by entering your answers in the tabs below. Req 6A Req 68 Req 6C 02:17:54 eBook Print References Prepare a balance sheet. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands of dollars.) LAZY SOFA FURNITURE, INCORPORATED Equipment Software 4 Balance Sheet (in thousands) 0 0 0 S $