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Balance sheet needed Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals OOOOO $92 $92 Transactions and events during 2018 (summarized in

Balance sheet needed
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Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals OOOOO $92 $92 Transactions and events during 2018 (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, $7. c. Issued additional shares of common stock on April 3 for $25. d. Purchased software on July 4, $12 cash. e. Purchased supplies on account on October 5 for future use, $17. f. Paid accounts payable on November 6, $14. g. Signed a $30 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $158 on December 8, including $39 on credit and $119 collected in cash. i. Recognized salaries and wages expense on December 9, $84 paid in cash. j. Collected accounts receivable on December 10, $23. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $6. 1. Supplies counted on December 31, 2018, $11. m. Depreciation for the year on the equipment, $7. n. Interest of $2 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $9. It will be paid in 2019. C4-2 Part 6 6-a. Prepare an income statement. 6-b. Prepare the statement of retained earnings. 6-c. Prepare the balance sheet. Required information Balance Sheet 19 (in thousands) Liabilities Assets $ Current Liabilities Accumulated Amortization Accounts Payable $ 68 68 11 Current Assets Accounts Receivable Supplies Land Software Equipment O OY OX 14 > 59 Total Current Assets 88 12 Total Current Liabilities Stockholders' Equity Common Stock Retained Earnings 66 x 7% 0 0 88 73 85 Total Assets $ Total Stockholders' Equity * $

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