Required information [The following information applies to the questions displayed below) Brothers Harry and Herman Housyerday began operations of their machine shop (M&M Tool, Inc.) on January 2016. The annual reporting period endis December 31. The trial balance on January 1 2018. follows the amounts are rounded to thousands of dollars to simply tes Dabie est-tem) and Wegea panas Transactions and events during 2018 (summarized in thousands of dollars) follow Barrowed $11 cash on March 1 using a short-term note. b. Purchased and on March 2 for future building site; paid cash. $e. c.Issued additional shares of common stock on April 3 for $24 d. Purchased software on July 4, $11 cash. e. Purchased supplies on account on October 5 for future use, $19. Paid accounts payable on November 6, $12 g. Signed a $20 service contract on November 7 to start February 1, 2019 h. Recorded revenues of $100 on December 8, including $50 on credit and $150 collected in cash Recognized salaries and wages expense on December 9, 995 pa din cash Collected accounts receivable on December 10, $34 Data for adjusting Journal entries as of December 31 Unrecorded amortization for the year on software, SS. Supples counted on December 31 2018. $12 Depreciation for the year on the equipment. $5. Interest of Sito sccrue on notes payable a: Salaries and wages earned but not yet paid or recorded. $13 p. Income tax for the year was $7. It will be paid in 2019. 6- Prepare an income statement 6b. Prepare the statement of retained earnings. 6-c. Prepare the balance sheet Complete this question by entering your answers in the tabs below. RBA ROSES ROC Prepare the balance sheet (Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minus sign) H&H TOOL, INC. Balance Sheet At December 31, 2018 in thousands) s 12 75 Current Liables Accounts Payable Salaries and Wages Payable Income Tax Payable Notes Payable short-term Interes: Payable Total Current Asses 109 Total Current L e s Stockholders' Equity Common Stock Regined Earnings Equipment Accumulated Depreciation 70 16 0 9 Total Stockholdes Bouy L es and Stockholders' Equity 150 193 5 29 3 Rege