Prepare the following with data given:

1.Journal Entry

2.Adjusting Journal Entry

3.Adjusted Trial Balance

4.Income Statement

5. Statement of Retained Earnings

6. Balance Sheet

7. Closing Entries

8. Post-Closing Trial Balance

with the results, evaluate the financial performance..

-Is the company profitable?

-Is the company able to pay its short-term obligation?

-Is the company's assets financed more by debts or equity?

Transactions and events during 2021 (summarized in thousands of dollars) follow: a. Borrowed $12 cash on March 1 using a short-term note. b. Purchased land on March 2 for future building site; paid cash, $9. c. Issued additional shares of common stock on April 3 for $23. d. Purchased software on July 4,$10 cash. e. Purchased supplies on account on October 5 for future use, $18. f. Paid accounts payable on November 6,$13. g. Signed a $25 service contract on November 7 to start February 1, 2022. h. Recorded revenues of $160 on December 8 , including $40 on credit and $120 collected in cash. i. Recognized salaries and wages expense on December 9,$85 paid in cash. j. Collected accounts receivable on December 10, \$24. Data for adjusting journal entries as of December 31 : k. Unrecorded amortization for the year on software, $5. l. Supplies counted on December 31,2021,$10. m. Depreciation for the year on the equipment, $6. n. Interest of $1 to accrue on notes payable. o. Salaries and wages earned but not yet paid or recorded, $12. p. Income tax for the year was $8. It will be paid in 2022