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: Debit Credit Accounts Receivable Supplies Equipment Accumulated Depreciation Accumulated Amortization Accounts Payable Notes Payable (short-term) SAINT 15 and Wages Payable Income Tax Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Supplies Expense Totals Prey 129 9 Next > 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 $23. 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, $13. 9. Signed a $25 service contract on November 7 to start February 1, 2019. h. Recorded revenues of $178 on December 8, including $49 on credit and $129 collected in cash. i. Recognized salaries and wages expense on December 9, $94 paid in cash. j. Collected accounts receivable on December 10, $33. Data for adjusting journal entries as of December 31: k. Unrecorded amortization for the year on software, $4. 1. Supplies counted on December 31, 2018, $10. m. Depreciation for the year on the equipment, $6. 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 2019. Cash Accounts Receivable Beg. Bal. Beg. Bal. LI End. Bal. | End. Bal. Supplies Land Beg. Bal. Beg. Bal. End. Bal. End. Bal. Equipment Accumulated Depreciation Equipment Accumulated Depreciation Beg Bal Beg. Bal End. Ba End, Bal Software Beg Bal. Accumulated Amortization Beg. Bale End, Bal End. Bal 0 Accounts Payable BE Notes Payable short-term Beg Bald Beg Bal HE End. Bal End. Bal Pret 2 012 Salaries and Wages Payable Interest Payable Beg. Bal Beg. Ball End Bal End. Bal Income Tax Payable Common Stock Beg. Bal. Beg. Bali End. Bal End. Bal. Retained Earnings Service Revenue Beg. Bal. Beg Bali Depreciation Expense Beg. Bal. Salaries and Wages Expense I Beg. Bal. End. Bal. D o End. Bal. O Amortization Expense Income Tax Expense Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. LO L Interest Expense Supplies Expense Beg. Bal. 1 1 Beg. Bal H&H TOOL, INC. Adjusted Trial Balance Debit Credit (in thousands) Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable H&H TOOL, INC. Unadjusted Trial Balance Debit Credit (in thousands) Account Titles Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Interest Payable Income Taxes Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Interest Expense Income Tax Expense Totals H&H TOOL, INC Income Statement (in thousands) H&H TOOL, INC. Statement of Retained Earnings (in thousands) Balance, January 1, 2018 Balance, December 31, 2018 HAH TOOL INC Balance Sheet (in thousands) TA Record entry to close revenue and expense accounts to retained earnings. Note: Enter debits before credits. Transaction General Journal Debit Credit H&H TOOL, INC. Post-Closing Trial Balance (in thousands) Account Titles Debit Credit Cash Accounts Receivable Supplies Land Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable New- Salaries and Wages Payable Interest Payable Income Tax Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Supplies Expense Depreciation Expense Amortization Expense Interest Expense Income Tax Expense Totals How much net income did H & H Tool, Inc., generate during 2018? What wa thousands of dollars. Round "Net Profit Margin" to 1 decimal place.) Net Income Net Profit Margin % What is its current ratio? (Enter your answers in thousands of dollars.) Current Ratio Numerator Denominator