Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (the amounts are rounded to thousands of dollars to simplify): Account Titles Cash Accounts Receivable Supplies Land Equipment $ Debit 3 Credit 5 12 0 63 $ 6 18 Accumulated Depreciation Software Accumulated Amortization Accounts Payable. Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock 74 1550OOTD Retained Earnings Service Revenue 0 Salaries and Wages Expense 0 Depreciation Expense Amortization Expense 0 Income Tax Expense Interest Expense Supplies Expense Totals $101 $101 Transactions and events during 2018 (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 $26.