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 Cash Accounts Receivable Supplies Land Debit $ 3 Credit 5 12 205 Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term). Salaries and Wages Payable Interest Payable. Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense. Depreciation Expense. Amortization Expense Income Tax Expense. 55 19 19 $ 6 5 5 e e e 70 8 Interest Expense Supplies Expense Totals 0 $ 94 $ 94