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PLEASE HELP DUE TONIGHT!! ALL PART OF QUESTION 1 - 8 ! ! C 4 - 2 ( Algo ) From Recording Transactions ( Including

PLEASE HELP DUE TONIGHT!! ALL PART OF QUESTION 1-8!! C4-2(Algo) From Recording Transactions (Including Adjusting Journal Entries) to Preparing
Financial Statements and Closing Journal Entries (Chapters 2,3, and 4)[LO 2-3, LO 3-3, LO
4-1, LO 4-2, LO 4-3, LO 4-4, LO 4-5, LO 4-6]
[The following information applies to the questions displayed below.]
Brothers Harry and Herman Hausyerday began operations of their machine shop (H&H Tool, Incorporated)
on January 1,2020. The annual reporting period ends December 31. The trial balance on January 1,2021,
follows (the amounts are rounded to thousands of dollars to simplify):
a. Borrowed $13 cash on March 1 using a short-term note.
b. Purchased land on March 2 for future building site; paid cash, $7.
c. Issued additional shares of common stock on April 3 for $28.
d. Purchased software on July 4,$12 cash.
e. Received supplies on account on October 5 for future use, $17.
f. Paid accounts payable on November 6,$14.
g. Signed a $30 service contract on November 7 to start February 1,2022.
h. Recorded revenues of $152 on December 8, including $36 on credit and $116 collected in cash.
i. Recognized salaries and wages expense on December 9,$81 paid in cash.
j. Collected accounts receivable on December 10,$20.
Data for adjusting journal entries as of December 31:
k. Unrecorded amortization for the year on software, $4.
I. Supplies counted on December 31,2021, $11.
m. Depreciation for the year on the equipment, $7.
n. Interest of $2 to accrue on notes payable.
o. Salaries and wages earned but not yet paid or recorded, $13.
p. Income tax for the year was $9. It will be paid in 2022. adjusted trial balance.
QUESTION THAT NEED ANSWERS PARTS 1-8 BELOW
9-a. How much net income did H&H Tool, Incorporated, generate during 2021? What was its net porfit margin?
9-b. Is the company financed primarily by liabilities or stockholders' equity?
9-c. What is its current ratio?
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