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 trail balance on January 1, 2023 was as follows.

Transactions during 2023 follow. All dollars are in millions, except per share amounts: a. Borrowed $20 cash on a 5 -year, 6 percent note payable, dated March 1, 2023. b. Sold 4 additional shares of common stock for cash at \$1 market value per share on January 1, 2023. c. Purchased land for a future buliding site; paid cash, $18. d. Earned $36,1 in revenues for 2023 , including $64 on credit and the rest in cash. e. Incurred $103 in wages expense and $40 in miscellaneous expenses for 2023 , with $35 on credit and the rest paid in cash. t. Collected accounts receivable, $39. 9. Purchased other noncurrent assets, $13 cash. h. Purchased supplies on account for future use, $38. 1. Paid accounts payable, $36. 1. Declared cash dividends on December 1,\$36. k. Signed a three-year $44 service contract to start February 1,2024. 1. Paid the dividends in (6) on December 31. Data for adjusting entries (arnounts in millions): m. Supplies counted on December 31,2023,$29. n. Depreciation for the year on the equipment, $14. m. Supplies counted on December 31,2023,$29. n. Depreciation for the year on the equipment, $14. o. Interest accrued on notes payable (to be computed). p. Wages earned by employees since the December 24 payroll but not yet paid, $16. q. Income tax expense, \$13, payable in 2024. Brothers Herm and Steve Hargenrater began operations of their tool and die shop (H \& H Tool) on January 1, 1987, in Meadvilie, PA. The annual reporting period ends December 31 . Assume that the trial balance on January 1, 2023, was as follows: Transactions during 2023 follow. All dollars are in millions, except per share amounts: a. Borrowed $20 cash on a 5 -year, 6 percent note payable, dated March 1, 2023. Prepare a statement of stockholders' equity. Note: Enter your answers in millions rather than in dollars (for example, 5 million should be entered as 5 rather thar 5,000,000). Amounts to be deducted should be indicated with a minus sign