PLEASE JUST HELP ME CORRECT! Brothers Mike and Tim Hargenrater began operations of their tool and die shop $($H & H Tool, Inc.$)$ on January $1,2019.$ The annual

reporting period ends December $31.$ The trial balance on January $1,2020,$ follows: Transactions during $2020$ follow:

a$.$ Borrowed $$15,000$ cash on a $5-$year, $8$ percent note payable, dated March $1,2020.$

b$.$ Purchased land for a future building site on March $15,2020$; paid cash, $$18,000.$

c$.$ Earned $$271,000$ in revenue. Transactions dated August $30,2020,$ including $$56,000$ on credit and the rest in cash.

d$.$ Sold $4,000$ additional shares of capital stock for cash at $$1$ market value per share on January $1,2020.$

e$.$ Incurred $$96,000$ in wages expense and $$32,000$ in miscellaneous expenses for $2020,$ with $$27,000$ on credit and the rest paid in

cash.

f$.$ Collected accounts receivables on November $10,2020,$ $$41,000.$

g$.$ Purchased other assets on November $15,2020,$$$18,000$ cash.

h$.$ Purchased supplies on account for future use on December $1,2020,$ $$30,000.$

i$.$ Paid accounts payable on December $15,2020,$$$28,000.$

j$.$ Signed a three$-$year $$36,000$ service contract on December $17,2020$ to start February $1,2021.$

k$.$ Declared cash dividends on December $1,2020,$$$28,000,$ which were paid by December $31.$

Data for adjusting entries:

I. Supplies counted on December $31,2020,$ $$21,000.$

m$.$ Depreciation for the year on the equipment, $$17,000.$

n$.$ Interest accrued on notes payable $($to be computed$).$

o$.$ Wages earned by employees since the December $24$ payroll but not yet paid, $$20,000.$

p$.$ Income tax expense, $$16,000,$ payable in $2021.$ Use the drop$-$downs below to select the accounts that should be properly included on the income statement. Also,

compute earnings per share. The unadjusted or adjusted balances will appear for each account, based on your selection in the

drop$-$downs. $($Round your Earnings per share answer to $2$ decimal places.$)$

Unadjusted Use the drop$-$downs below to select the accounts that should be properly included on the income statement. Also,

compute earnings per share. The unadjusted or adjusted balances will appear for each account, based on your selection in the

drop$-$downs. $($Round your Earnings per share answer to $2$ decimal places.$)$Use the drop$-$downs below to select the accounts that should be properly included on the income statement. Also,

compute earnings per share. The unadjusted or adjusted balances will appear for each account, based on your selection in the

drop$-$downs. $($Round your Earnings per share answer to $2$ decimal places.$)$

Post$-$closing