[The following Information applles 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 during 2021 (summarized 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 slte; pald cash, $7. c. Issued additional shares of common stock on Aprll 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 amortlzatlon 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 equired: i-a. Prepare an Income statement. -b. Prepare the statement of retained earnings. i-c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare the balance sheet. (Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minus sign.) 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 trial 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; pald cash, $7. c. Issued additional shares of common stock on Aprll 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. j. 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 paid or recorded, $12 p. Income tax for the year was $9. It will be pald in 2022 Required: 6-a. Prepare an Income statement. 6-b. Prepare the statement of retalned earnings. 6-c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings. (Enter your answers in thousands of dollars.) 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 during 2021 (summarized 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; pald cash, $7. c. Issued additional shares of common stock on Aprll 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. 1. 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: 6-a. Prepare an Income statement. 6-b. Prepare the statement of retalned earnings. 6-c. Prepare the balance sheet. Complete this question by entering your answers in the tabs below. Prepare an income statement. (Enter your answers in thousands of dollars.)