HELP!!!

Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2020. The annual reporting period ends December 31 The trial balance on January 1, 2021, was as follows the amounts are rounded to thousands of dollars to simplity: Credit Debit $6 2 2 10 $ 8 Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Notes Payable (short-term) Salaries and Wages Payable Interest Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Service Revenue Depreciation Expense Amortization Expense Salaries and Wages Expense Supplies Expense Interest Expense Income Tax Expense Totals e 16 1 HO e 8 $ 28 $ 28 Transactions during 2021 (summarized in thousands of dollars) follow: a Borrowed $26 cash on July 1, 2021, signing a six-month note payable b. Purchased equipment for $29 cash on July 2, 2021 c.Issued additional shares of common stock for $6 on July 3, d Purchased software on July 4, $2 cash e Purchased supplies on July 5 on account for future use. $8 f Recorded revenues on December 6 of $60, including $9 on credit and $51 received in cash 9. Recognized salaries and wages expense on December 7 of $34, paid in cash. h Collected accounts receivable on December 8.58. 1. Pald accounts payable on December 9. $9. Received a $2 cash deposit on December 10 from a hospital for a contract to start January 5, 2022 Data for adjusting journal entries on December 31 k. Amortization for 2021, $3, 1. Supplies of $2 were counted on December 31, 2021 m. Depreciation for 2021, $3 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 2021 was $3 and will be paid in 2022 Record entry to close revenue and expense accounts to retained earnings. Combine the closing of revenue and expenses into one entry. Note: Enter debits before credits General Journal Date December 31, 2021 Debit Credit Service Revenue Salaries and Wages Expense 'Amortization Expense Income Tax Expense interest Expense Supplies Expense Retained Earnings Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances. Post-closing General Ledger Account Cash Accounts Receivable Debit Credit Debit Credit Balance No. Balance 6 2 32 61 9 non Date January 01 2021 December 06 2021 December 08 2021 11 26 29 6 2 67 8 3 No. Date January 01, 2021 1 July 01, 2021 2 July 02, 2021 3 July 03, 2021 4 July 04,2021 0 December 08, 2021 7 December 07 2021 8 December 08, 2021 December 09 9 2021 89 1 70 . 34 104 u 8 112 12 9 103 Notes Receivable (short-term) Debit Credit Supplies Debit No. Date No. Credit Balance Balance 0 (26) Date January 01 2021 December 31 2021 2 1 July 01, 2021 26 12 2 0 Equipment Accumulated Depreciation Debit Credit Debit Credit Balance No. Date Balance 3 No. Date January 01, 2021 2 July 02, 2021 10 3 13 December 31, 2021 6 12 29 (19) Software Accumulated Amortization Credit Balance Debit Credit No. Debit Balance Date January 01 2021 8 No. Date January 01, 2021 4 July 04, 2021 3 6 Software No. Debit Credit Balance No. Date January 01 2021 4 July 04, 2021 Accumulated Amortization Date Debit Credit January 01. 2021 Balance 3 2 Accounts Payable Debit Credit Interest Payable Debit Credit Balance Balance 5 No. Date January 01 2021 5 July 05, 2021 December 09, 9 2021 No. Date January 01, 2021 14 December 31 2021 0 8 13 9 4 Salaries and Wages Payable Income Tax Payable Debit Credit No. Debit Credit Balance No. Balance 0 0 Date January 01 2021 December 31, 2021 Date January 01 2021 December 31, 2021 12 4 3 15 4 16 3 NORTHLAND PHYSICAL THERAPY Trial Balance December 31, 2021 Account Title Debit Credit t. S 103 3 26 19 8 6 3 Cash Accounts Receivable Notes Receivable (short-term) Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payable Interest Payable Salaries and Wages Payable income Tax Payable Common Stock Retained Earnings Service Revenue Depreciation Expense 1 4 3 22 1 80 3 Check my wor 6 6 2 2 2 2 3 4 1 4 Accumulated Depreciation Software Accumulated Amortization Accounts Payable Interest Payable Salaries and Wages Payable Income Tax Payablo Common Stock Retained Eamings Service Revenue Depreciation Expense Interest Expense Salaries and Wages Exponso Supplies Expense Income Tax Expense Total 3 22 1 60 DEN 22 3 1 30 10 3 $ 129 $ 179 Uwiiiy NORTHLAND PHYSICAL THERAPY Income Statement For the Year Ended December 31, 2021 (in thousands) $ 0 0 0 0 0 0 0 0 0 $ 0 Prepare the statement of retained earnings for the year ended December 31, 2021. You will need to determine and enter the accounts and balances to prepare the Statement of Retained Earnings, Post-closing NORTHLAND PHYSICAL THERAPY Statement of Retained Earnings For the Year Ended December 31, 2021 in thousands) Balance, January 1, 2021 0 Balance. December 31, 2021 0 Check my w Balance Sheet At December 31, 2021. (in thousands) 0 0 0 OOOO 0 0 0 01 0 0 0 0 0 Equipment 12 (19) 0 0 Software OOO 6 0 0 0 $ $ 6 6 $ 0 General General Requirement Statement of Income Journal Trial Balance Ledger Statement Retained Balance Sheet Analysis Earnings Calculate the Net Pofit Margin and Current Ratio. Net income can be found on Income statement tab. (Hint: Select Adjusted on the dropdown.) How much not income did Northland Physical Therapy, generate during 2021? What was its net profit margin? Round "Net Profit Margin" to 1 decimal place.) Net Income Net Profit Margin % Is the business financed primarily by liabilities or stockholders' equity? What is the current ratio? (Round your answer to 2 docimal places) Current Ratio