Brothers Herm and Steve Hargenrater began operations of their tool and die shop (H & H Tool) on January 1, 1987, in Meadville, PA. The annual reporting period ends December 31. Assume that the trial balance on January 1, 2023, was as follows: FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW 135 A B C D 1 2 H & H TOOL Trial Balance at January 1, 2023 3 4 (dollars in millions, except number of shares and par value) Cash Debit Credit 6 5 Accounts receivable 5 6 Supplies 13 7 Land 8 Equipment 9 Accumulated depreciation (on equipment) 78 8 10 Other noncurrent assets (not detailed to simplify) 7 11 Accounts payable 12 Wages payable 13 Interest payable 14 Dividends payable 15 Income taxes payable 16 Long-term notes payable 17 Common stock (8 million shares, $0.50 par value) all year) 4 18 Additional paid-in capital 80 19 Retained earnings 17 20 Service revenue 21 Depreciation expense 22 Supplies expense 23 Wages expense 24 Interest expense 25 Income tax expense 26 Miscellaneous expenses (not detailed to simplify) 27 Total 109 109