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 56 Accumulated Depreciation 57 Software 17 Accumulated Amortization Accounts Payable flotes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock 68 Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals $92 $92 4 6 7 OOOOOON Transactions and events during 2021 (summarized in thousands of dollars) follow: a Borrowed $13 cash on March 1 using a short-term note. b. Purchosed lond on March 2 for future building site, paid cash, $7. Issued additional shares of common stock on April 3 for $28. d. Purchased software on July 4, $12 cash e Purchased supplies on account on October 5 for future use. $17 f Pald accounts payable on November 6, $14 g Signed a $30 service contract on November 7 to start February 1, 2022 h Recorded revenues of S152 on December 8, including $36 on credit and $116 collected in cash. Recognized salaries and wages expense on December 9, $81 paid in cash J. Collected accounts receivable on December 10, $20. Data for adjusting journal entnes as of December 31 k Unrecorded amortization for the year on software. 54 Supplies counted on December 31, 2021, $11. m Depreciation for the year on the equipment S7 n. Interest of $2 to accrue on notes payable o Salaries and wages earned but not yet paid or recorded. 513 p. Income tax for the year was $9. It will be paid in 2022 9-a. How much net income did H & H Tool. Incorporated, generate during 2021? What was its net profit margin? 9-b. Is the company financed primarily by liabilities or stockholders' equity? 9.c. What is its current ratio