questions on the last picture, would greatly appreciate explanation to solution

Text Chart Shape Media Comment Insert Table A local coffee shop that specializes in fair trade coffee and organic products began operations on January 1, 2015. The shop's annual reporting period ends December 31 and the trial balance as of January 1, 2016 is as follows: Credit Debit 6,000 5,000 13,000 78,000 8,000 7,000 Account Titles Cach Accounts receivable Supplies Land Equipment Accumulated depreciation Other assets Accounts payable Wages payable Interest payable Income taxes payable Long-term notes payable Common Stock (8,000 shares, S.50 par value) Additional paid-in capital Retained Eamings Service revenue Depreciation expense Supplies expense Wagos expense Interest expense Income tax expense Remaining expenses Totals 4,000 80,000 17,000 109.000 109,000 Transactions during 2016 are as follows: 1. Borrowed 515,000 cash on a five year, 8% note payable, dated March 1, 2016. 2. Purchased land for a future building: paid cash $13,000. 3. Lamed $215,000 in revenues for 2016, including $52,000 on credit and the rest in cash Text Shape Media Comment Tv Insert Table Chart erusrumpers Income tax expense Remaining expenses Totals 109,000 109,000 I Transactions during 2016 are as follows: 1. Borrowed $15,000 cash on a five-year, 8% note payable, dated March 1, 2016. 2. Purchased land for a future building; paid cash $13,000. 3. Eamed $215,000 in revenues for 2016, including $52,000 on credit and the rest in cash. 4. Sold 4,000 additional shares of capital stock for cash at $1 market value per share January 1, 2016. 5. Incurred $114,000 in Remaining expenses for 2016, where $20,000 was paid on credit and the rest was paid in cash. 6. Collected $34,000 accounts receivable. 7. Purchased other assets for $15,000 cash. 8. Purchased S27,000 supplies on account for future use. 9. Paid S26,000 on accounts payable. 10. The coffee shop signed a three-year $33,000 service contract that starts February 1, 2017 11. Declared and paid $25,000 in cash dividends. 12. Supplies counted on December 31, 2016 amounted to $18,000. 13. Depreciation on equipment for the year amounted to $10,000 14. Interest accrued on notes payable 15. Wages earned by employees for the last week of December amounted to $16,000, but were not yet paid 16. Income tax expense of $11,000 is payable in 2017. Required: 16. Income tax expense of $11,000 is payable in 2017. Required: a. Prepare the journal entries for the 2016 transactions, including any necessary adjusting entries. b. Prepare an income statement and balance sheet as of December 31, 2016. c. Prepare the closing journal entry. d. Compute and analysis the following ratios: Current ratio ii. Net profit margin iii. Earnings per share