Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, was as follows the amounts are rounded to thousands of dollars to simplify): Credit Debit $ 7 3 2 2 2 Account Cities Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Balaries and Wages Payable Interest Payable Income Taxes Payable Deferred Revenue Common Stook Retained Earnings Service Revenue Depreciation Expense Amortization Expense Salaries and Wages Expense Supplies Expense Interest Expense Income Tax Expense 0 0 2 0 0 0 0 a. Borrowed $14 cash on July 1, 2018, signing a six-month note payable. b. Purchased equipment for $17 cash on July 2, 2018. c. Issued additional shares of common stock for $5 on July 3. d. Purchased software on July 4, $3 cash. e. Purchased supplies on July 5 on account for future use, $7. f Recorded revenues on December 6 of $47, including $8 on credit and $39 received in cash. g. Recognized salaries and wages expense on December 7 of $22; paid in cash. h. Collected accounts receivable on December 8, $9. 1. Paid accounts payable on December 9, $10. J. Received a $3 cash deposit on December 10 from a hospital for a contract to start January 5, 2019. Data for adjusting journal entries on December 31: k. Amortization for 2018, $2. 1. Supplies of $3 were counted on December 31, 2018. m. Depreciation for 2018, $4. n. Accrued interest of $1 on notes payable. o. Salaries and wages incurred but not yet paid or recorded. $4. p. Income tax expense for 2018 was $4 and will be paid in 2019. (Enter all of your answers in thousands of dollars. (l.e., $100,000 should be entered as $100).) NORTHLAND PHYSICAL THERAPY Trial Balance December 10, 2018 Account Title Debit Credit $ 7 3 3 7 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Equipment Software Accumulated Amortization Accounts Payable Common Stock Retained Earnings Total 2 6 2 5 15 2 $ 26 $ 26 NORTHLAND PHYSICAL THERAPY Income Statement For the Year Ended December 31, 2018 (in thousands)