need help with statement of retained earnings and balance sheet

C4-3 Recording Transactions (Including Adjusting Journal Entries), Preparing Financial Statements and Closing Journal Entries, and Computing Net Profit Margin and Current Ratio (Chapters 2, 3, and 4) [LO 2-3, LO 3-3, LO 4-1, LO 4-2, LO 4-3, LO 4-4, L 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): Debit Credit Account Teles 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 Debit Credit $ 8 Account Titles Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Software Accumulated Amortization Accounts Payabl 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 Hun e ooooo a. Borrowed $12 cash on July 1, 2018, signing a six-month note payable. b. Purchased equipment for $15 cash on July 2. 2018. c Issued additional shares of common stock for $4 on July 3 d. Purchased software on July 4, $4 cash. e Purchased supplies on July 5 on account for future use, $6. f. Recorded revenues on December 6 of $47, including $10 on credit and $37 received in cash. g. Recognized salaries and wages expense on December 7 of $20: paid in cash. h. Collected accounts receivable on December 8. $7. Paid accounts payable on December 9, $8. J. Received a $4 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. $1. 1. Supplies of $4 were counted on December 31, 2018 m. Depreciation for 2018. $2. n. Accrued interest of $1 on notes payable. 0. Salaries and wages incurred but not yet paid or recorded $6. p. Income tax expense for 2018 was $5 and will be paid in 2019, View transaction list View journal entry worksheet Date Debit Credit No 21 Jul 01, 2018 General Journal Cash Notes Payable (short-term) 2 Jul 02, 2018 Equipment Cash 3 Jul 03, 2018 Cash Common Stock Jul 04, 2018 Software Cash 5 Jul 05, 2018 Supplies Accounts Payable 6 Dec 06, 2018 Cash Accounts Receivable Service Revenue 7 Dec 07, 2018 Salaries and Wages Expense Cash 8 Dec 08, 2018 Cash Accounts Receivable 9 Dec 09, 2018 Accounts Payable Cash 10 Dec 10, 2018 Cash Deferred Revenue 211 Dec 31, 2018 Amortization Expense Accumulated Amortization 12 Dec 31, 2018 Supplies Expense Supplies 13 Dec 31, 2018 Depreciation Expense Accumulated Depreciation-Equipment 14 Dec 31, 2018 Interest Expense Interest Payable 15 Dec 31, 2018 Salaries and Wages Expense Salaries and Wages Payable 13 Dec 31, 2018 Depreciation Expense Accumulated Depreciation Equipment 214 Dec 31, 2018 Interest Expense Interest Payable 15 Dec 31, 2018 Salaries and Wages Expense Salaries and Wages Pa 16 Dec 31, 2018 Income Tax Expense Income Tax Payable General Ledger > NORTHLAND PHYSICAL THERAPY Income Statement For the Year Ended December 31, 2018 (in thousands) Revenues Service Revenue Total Revenues Expenses Salaries and Wages Expense Supplies Expense Depreciation Expense Amortization Expense Interest Expense Income Tax Expense Total Expenses Net Income Adjusted NORTHLAND PHYSICAL THERAPY Statement of Retained Earnings For the Year Ended December 31, 2018 (in thousands) Balance, January 1, 2018 Add: Net Income Less: Dividends Balance, December 31, 2018 12 Check my we NORTHLAND PHYSICAL THERAPY Balance Sheet At December 31, 2018 (in thousands) Liabilities Assets Current Assets Accounts Receivable Cash Supplies Current Liabilities Common Stock Retained Earnings Notes Payable (short-term) Accounts Payable Interest Payable Salaries and Wages Payable Income Tax Payable Accounts Receivable Cash Supplies ARA Common Stock Retained Earnings Notes Payable (short-term) Accounts Payable Interest Payable Salaries and Wages Payable Income Tax Payable Statement of Retained Earnings Analysis > Adjusted Dates: Jan 01, 2015 - to: Dec 31 How much net income did Northland Physical Therapy, Inc., generate during 2018? What was its net profit margin? (Round "Net Profit Margin to 1 decimal place.) Net Income Net Profit Margin Is the company financed primarily by liabilities or stockholders' equity? What is the current ratio? (Round your answer to 2 decimal places) Current Ratio