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Required information [The following information applies to the questions displayed below.] Drs. Glenn Feltham and David Ambrose began operations of their physical therapy clinic, called Northland Physical Therapy, on January 1, 2017. The annual reporting period ends December 31 . The trial balance on January 1, 2018, was as follows (the amounts are rounded to thousands of dollars to simplify): Transactions during 2018 (summarized in thousands of dollars) follow: a. Borrowed $30 cash on July 1,2018 , signing a six-month note payable. b. Purchased equipment for $33 cash on July 2,2018. c. Issued additional shares of common stock for $4 on July 3 . d. Purchased software on July 4,$4 cash. e. Purchased supplies on July 5 on account for future use, $6. f. Recorded revenues on December 6 of $65, including $10 on credit and $55 received in cash. g. Recognized salaries and wages expense on December 7 of $38; paid in cash. h. Collected accounts receivable on December 8,$7. i. Paid accounts payable on December 9,$8. 1. Received a $4 cash deposit on December 10 from a hospital for a contract to start January 5,2019. Prepare an income statement. (Enter your answers in thousands of dollars.) Prepare the statement of retained earnings. (Enter your answers in thousands of dollars.) Prepare the balance sheet. (Enter your answers in thousands of dollars. Amounts to be deducted should be indicated by a minus sign.)