The following information applies to the questions displayed below) Brothers Harry and Herman Hausyerday began operations of their machine shop (H&H Tool, Incorporated) on January 1. 2020. The annual reporting period ends December 31. The trial balance on January 1, 2021, follows the amounts are rounded to thousands of dollars to simplity) 4 0. 22 . Accounts Debat Credit Cash $ 2 Accounts Receivable 6 Supplies 13 Land 0 Equipment 54 Accumulated Depreciation Software 21 Accumulated Amortization Accounts Payable Totes Payable (short-term) Salaries and Wages Payable Interest Payable Income Tax Payable Connon Stock Retained Earnings Service Revenue Salaries and Wages Expense Depreciation Expense Amortization Expense Income Tax Expense Interest Expense Supplies Expense Totals $ 96 $.96 Transactions and events during 2021 (summarized in thousands of dollars) follow a Borrowed 511 cash on March 1 using a short-term note b. Purchased land on March 2 for future building site, paid cash $8 c issued additional shares of common stock on April 3 for $30. Purchased software on July 4, $11 cash, e Purchased supplies on account on October 5 for future use, $19 1 Paid accounts payable on November 6, S12 9. Signed a $20 service contract on November 7 to start February 1, 2022 h Recorded revenues of $148 on December 8, including S34 on credit and S114 collected in cash Recognized salaries and wages expense on December 9, 579 paid in cash Collected accounts receivable on December 10, 518. Data for adjusting journal entries as of December 31 0 o Signed a $20 service contract on November 7 to start February 1 2022 . Recorded revenues of $148 on December 8, including $34 on credit and 5114 collected in cash Recognized salaries and wages expense on December 9, 579 paid in cash Collected accounts receivable on December 10, $18 Data for adjusting journal entines as of December 31 * Unrecorded amortization for the year on software. $6 Supplies counted on December 31, 2021, $12 m Depreciation for the year on the equipment, 55 n Interest of $110 accrue on notes payable o Salaries and wages eamed but not yet paid or recorded. 511 p. Income tax for the year was $7. It will be paid in 2022 Required: 9-0. How much net income did H & H Tool, Incorporated, generate during 2027 What was its net profit margin? 9.b. Is the company financed primarily by liabilities or stockholders' equity? 9-c. What is its current ratio? Complete this question by entering your answers in the tabs below. Reg Re90 Rec How much net income did H & H Tool, Incorporated, generate during 2021? What was its net profit margin? (Enter Net Income in thousands of dollars. Round "Net Profit Margin to I decimal place.) Net Income Net Prolit Margin