Required information [The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of thelr machine shop ( H \& H Tool, Incorporated) on January 1 , 2020. The annual reporting perlod ends December 31. The trlal balance on January 1, 2021, follows (the amounts are rounded to thousands of dollars to simplify): Transactions and events durling 2021 (summarlzed in thousands of dollars) follow: a. Borrowed $13 cash on March 1 using a short-term note. b. Purchased land on March 2 for future bullding site; paid cash, $7. c. Issued additional shares of common stock on April 3 for $25. d. Purchased software on July 4, \$12 cash. e. Purchased supplies on account on October 5 for future use, $17. f. Pald accounts payable on November 6, \$14. g. Signed a $30 service contract on November 7 to start February 1, 2022 h. Recorded revenues of $158 on December 8 , Including $39 on credit and $119 collected in cash. L. Recognized salarles and wages expense on December 9,$84 pald In cash. f. Collected accounts recelvable on December 10,$23. Data for adjusting Journal entrles as of December 31: k. Unrecorded amortization for the year on software, \$6. L. Supplies counted on December 31, 2021, \$11. m. Depreclation for the year on the equipment, $7. n. Interest of $2 to accrue on notes payable. o. Salarles and wages earned but not yet pald or recorded, $12 p. Income tax for the year was \$9. It will be pald in 2022 . Required information [The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of thelr machine shop ( H \& H Tool, Incorporated) on January 1 , 2020. The annual reporting perlod ends December 31. The trlal balance on January 1, 2021, follows (the amounts are rounded to thousands of dollars to simplify): Transactions and events durling 2021 (summarlzed in thousands of dollars) follow: a. Borrowed $13 cash on March 1 using a short-term note. b. Purchased land on March 2 for future bullding site; paid cash, $7. c. Issued additional shares of common stock on April 3 for $25. d. Purchased software on July 4, \$12 cash. e. Purchased supplies on account on October 5 for future use, $17. f. Pald accounts payable on November 6, \$14. g. Signed a $30 service contract on November 7 to start February 1, 2022 h. Recorded revenues of $158 on December 8 , Including $39 on credit and $119 collected in cash. L. Recognized salarles and wages expense on December 9,$84 pald In cash. f. Collected accounts recelvable on December 10,$23. Data for adjusting Journal entrles as of December 31: k. Unrecorded amortization for the year on software, \$6. L. Supplies counted on December 31, 2021, \$11. m. Depreclation for the year on the equipment, $7. n. Interest of $2 to accrue on notes payable. o. Salarles and wages earned but not yet pald or recorded, $12 p. Income tax for the year was \$9. It will be pald in 2022