Account Titles Cash Accounts Receivable Supplies Land Equipment Debit Credit $3 12 35205 Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable $6 19 5 5 0 0 0 0 Common Stock 70 Retained Earnings 8 Service Revenue 0 Salaries and Wages Expense 0 Depreciation Expense 0 Amortization Expense 0 Income Tax Expense 0 Interest Expense 0 0 $94 $94 Supplies Expense Totals Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $9. c. Issued additional shares of common stock on April 3 for $29. d. Purchased software on July 4, $10 cash. e Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6, S13. g. Signed a $25 service contract on November 7 to start February 1, 2022. Recorded revenues of $150 on December 8, including $35 on credit and $115 collected in cash. i. Recognized salaries and wages expense on December 9, $80 paid in cash. j. Collected accounts receivable on December 10, $19. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $5. 1. Supplies counted on December 31, 2021, $10. m. Depreciation for the year on the equipment, S6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2022. 1. Prepare income statement 2. Prepare the statement of retained earnings 3. Prepare balance sheet