Dre. Giena Feltham and David Ambrose began operations of their plysical therapy clinic, caled Noethland Physicol Therapy, an January 1, 2020. The annebl reporting period ends December 31 . The trial balance on Janieary 4,2021, was as follows the ampunts are rounded te thousands of dollars to simpity? Transections during 2021 (summarized in thousands of dellars) follow: a. Borrowed $32 cast on July 1, 202t, signing a six-month note payable: E. Purchared equlpment for $35 cash on july 2, 2021 c) Issued additional shares of commen stock for $6 on July 3. a. Purchased software on July 4.52 cash. e. Purchased supplies on fuly 5 on account for fuAure use, 58 . t. Recorded revenues an Docember 6 of $66, including $9 on credit and $57 recelved in cash. g. Recognized salaries and wages expense on December 7 of 540 ; paid in casti. h. Collocted accounts recelvable on December 8,$8. 1. Paid accounts paysble an December 9, 59. 1. Received a $2 cash deposit on December 10 from a hospital for a contract to start january 5,2022. th. Colected accounts teceinatie on Decomber \&. 5.8 2. Paid accounts peyabie on December $,$9 3. Recolved a $2 ctsh deposit on Decomber. 10 from a hospitai for a contract to stat jamuary, 5, 2022. Deat for adjusting jourhai entries on Dectiber a1 Ki. Ambrtitatenfor 202151 1 Supples of 32 were couned on Decenber 31,2021 in Depreciatian for 202 t. 73 . ri Actrued inierest of 41 of notes payable o. Salarksa and wages incutted but not yet paid ar fecerded. $4 p.lnceps tax expense tar 2021 wht 53 mef wil be poid in 2027 . Aecuired 9-a. Heer math net income did the physical therapy clinic genviate duing Jozt? What was ta met profit margi? 9-b. is the business firaned primat yy by liabilses or stockhoidars' eduity? 9-6. What is its curtent ratio? Complete this questisn by entering veur anwwers in the taba below. How much ret income did the phybicat therapy dinic sunerabe dorng 2021 ) What was its net prent wargit (Enter" "Net h. Collested accounts receivable on December 8. 58 2. Paid accounts paysble on December 9,59 1. Recolved a $2 cash deposit on December 10 frem a lospital for a contract to start January 5,2022. Duta for acyitiog journal entries on December 31 N. Amionization for 2021, 51 1 Supplles of 52 were coumed on December 31,2021 m. Depreciatien for 2021,$3 r. Accrued intesest of $1 on notes payable. a. Salaries and wagos incurted but not yet paid or recorded, 54 p. Income tas expense for 2021 was $3 and wir be paid in 2022 . Required: 9-a. How much net incoene did the physical therapy clinic generate during 2021? What was its net profit magpin? 9.b. Is the business financed primarily by labilities or stockholders' equity? 9-e. What is its curreat ratio? Complete this question by entering your answers in the tabs below. Is the business financed primarily by labitedes or stockholders' equity? h. Colected accounts recelvobie on Decethber 8.S. 1. Pad accicunts payabie an December 9,$9. 3i. Pecelved a $2 cash depostt on Proemiget to fiom a hotpital for a contract ta stut danuary 5.2022. Wota for adyusting journal entries on December it W. Amorisation for 2024, 51 . 1. Supples of $2 were counded on Detenber 31 . 2021 m. Depleciaton for 2021,53 A. Accrutd inserest of 5 t on netes payabie. a. Sblaries shd woges incured but net yet paid or resersed. 34 R. Income tax expente ber 2021 nas 53 atd wil be paid in 2022 Required: 9. How much ret income did the phynical therapy cleis ganerabe during 202t. What was its het probe matgiet 9-6. What is its curent rato? Complete this question by antering your answees in the tabs belore. Dre. Giena Feltham and David Ambrose began operations of their plysical therapy clinic, caled Noethland Physicol Therapy, an January 1, 2020. The annebl reporting period ends December 31 . The trial balance on Janieary 4,2021, was as follows the ampunts are rounded te thousands of dollars to simpity? Transections during 2021 (summarized in thousands of dellars) follow: a. Borrowed $32 cast on July 1, 202t, signing a six-month note payable: E. Purchared equlpment for $35 cash on july 2, 2021 c) Issued additional shares of commen stock for $6 on July 3. a. Purchased software on July 4.52 cash. e. Purchased supplies on fuly 5 on account for fuAure use, 58 . t. Recorded revenues an Docember 6 of $66, including $9 on credit and $57 recelved in cash. g. Recognized salaries and wages expense on December 7 of 540 ; paid in casti. h. Collocted accounts recelvable on December 8,$8. 1. Paid accounts paysble an December 9, 59. 1. Received a $2 cash deposit on December 10 from a hospital for a contract to start january 5,2022. th. Colected accounts teceinatie on Decomber \&. 5.8 2. Paid accounts peyabie on December $,$9 3. Recolved a $2 ctsh deposit on Decomber. 10 from a hospitai for a contract to stat jamuary, 5, 2022. Deat for adjusting jourhai entries on Dectiber a1 Ki. Ambrtitatenfor 202151 1 Supples of 32 were couned on Decenber 31,2021 in Depreciatian for 202 t. 73 . ri Actrued inierest of 41 of notes payable o. Salarksa and wages incutted but not yet paid ar fecerded. $4 p.lnceps tax expense tar 2021 wht 53 mef wil be poid in 2027 . Aecuired 9-a. Heer math net income did the physical therapy clinic genviate duing Jozt? What was ta met profit margi? 9-b. is the business firaned primat yy by liabilses or stockhoidars' eduity? 9-6. What is its curtent ratio? Complete this questisn by entering veur anwwers in the taba below. How much ret income did the phybicat therapy dinic sunerabe dorng 2021 ) What was its net prent wargit (Enter" "Net h. Collested accounts receivable on December 8. 58 2. Paid accounts paysble on December 9,59 1. Recolved a $2 cash deposit on December 10 frem a lospital for a contract to start January 5,2022. Duta for acyitiog journal entries on December 31 N. Amionization for 2021, 51 1 Supplles of 52 were coumed on December 31,2021 m. Depreciatien for 2021,$3 r. Accrued intesest of $1 on notes payable. a. Salaries and wagos incurted but not yet paid or recorded, 54 p. Income tas expense for 2021 was $3 and wir be paid in 2022 . Required: 9-a. How much net incoene did the physical therapy clinic generate during 2021? What was its net profit magpin? 9.b. Is the business financed primarily by labilities or stockholders' equity? 9-e. What is its curreat ratio? Complete this question by entering your answers in the tabs below. Is the business financed primarily by labitedes or stockholders' equity? h. Colected accounts recelvobie on Decethber 8.S. 1. Pad accicunts payabie an December 9,$9. 3i. Pecelved a $2 cash depostt on Proemiget to fiom a hotpital for a contract ta stut danuary 5.2022. Wota for adyusting journal entries on December it W. Amorisation for 2024, 51 . 1. Supples of $2 were counded on Detenber 31 . 2021 m. Depleciaton for 2021,53 A. Accrutd inserest of 5 t on netes payabie. a. Sblaries shd woges incured but net yet paid or resersed. 34 R. Income tax expente ber 2021 nas 53 atd wil be paid in 2022 Required: 9. How much ret income did the phynical therapy cleis ganerabe during 202t. What was its het probe matgiet 9-6. What is its curent rato? Complete this question by antering your answees in the tabs belore