The annual reporting period ends December $32.$ The trisl bolance on January $1,2021,$ follows $($the smounts are

rounded to thoussnds of dolars to simplifyc

Tranastions and events during $2021($summsrized in thousands of dallsrs$)$ follow:

a$.$ Borrowed $$13$ cash on Msrch $1$ uaing s short$-$term note.

b$.$ Purchased land on March $2$ for future bulding alte; pold cash, $$7.$

c$.$ lasued additionsl shores of common stock on April $3$ for $$34.$

d$.$ Purchased saftware on July $4,$$$12$ cash.

e$.$ Recelved supplies on account on October $5$ for future use, $$17.$

f Paid sccounts poyiale on November $6,$ $$14.$

g$.$ Signed a $$30$ senvice controct on November $7$ to start February $1,2022$

h$.$ Recorded revenues of $$740$ on December $8,$ inclualing $$30$ on credit and $$110$ collected in cash.

Recognlzed salaries and wsges expense on December $9,$ $$75$ poid in ceah.

f$.$ Colected sccounta recelvable on December $10,$$$14.$

Dets for acluating journel entries of of December $3$ t:

k$.$ Unrecorded amortization for the year on sotivare, $85.$

L$.$ Supples counted an December $31,2021,$ $$11.$

m$.$ Deprecistion for the yesr on the equpment, $$7.$

$n.$ Interest of $$2$ to eccrue on nates poyable.

o$.$ Solaries and weges earned but not yet poid or recorded, $$13.$

$p.$ Income tsx for the yearwas $$9.$ It will be poid in $2022$

$2($Algo$)$ Part $9$

quired:

How much net income did H & H Tool, Incorporeted, genergte during $2021?$ What was its net profit marglin?

is the compony financed primarily by lisblites or stockholders' equlty?

What is ta current ratio?

Complete this question by entering your answers in the tabs below.

$18094$

low much net income did $H$&$H$ Tool, Incorporated, generate during $2021?$ What was its net profit margin? $($Enter "Net

ncame" in thousands of dalars. Fiound "Net Prafit Marqin" to $1$ decimal place.$)$

Income

st: Proft Margin