The following ino mabor Brothers Mike and Tim Hargen began operations of their tool and die shop (H & H Tool, Inc. on January 1, 2014. The annual reporting penod ends December 31. The trial balance on January 1.2015, follows: Debit Credit Account Titles 4,100 7200 Accounts receivable Supplies Land 78.000 Equipment 7200 Accumulated depreciation (on equipment 5.000 other assets (not detalled to slmplify) Accounts payable Wages payable Interest payable Income taxes payable Long-term notes payable 4.300 Common stock (8,600 shares. $0.50 par value) 78700 Additional paid-In capital 21100 Retained earnings Service revenue Depreclation expense Supplies expense Wages expense nterest expense Income tax expense Remaining expenses (not detalled to simplify 111,300 111,300 Totals Transactions during 2015 follow: a Borrowed sto 20o cash on a five-year 10 percent note payable, dated Merch1 2015. b. Purchased land for a future bullding site pald cash, $10.200 c. Earned s208,000 in revenues fer 2015, including $56.000 on crecit and the rest in cash. d. Sold 4,300 additional shares of capital stock for cash at $1 market value per share on January 1, 2015. e. Incurred $111,000 In Remalning Expenses for 2015. including $21.000 on credit and the rest pald in cash. f Collected accounts recelvable. S37.000 g Purchased other assets, $11.800 cash h. Paid accounts payable, $20.000 Purchased supplles on account for future use, $23,000. Signed three-year $36.000 service contract to start February 1. 2016 k. Declared and paid cash dividends, $22.300. Data for adjusting entries Supplies counted on December 31, 2015 $18.600. m Depreciation for the year on the equipment. S7.200 Interest accrued on notes payable to be compute Wages earned by employees since the December 24 o