6 At January 1 (beginning of its fiscal year), Freeman, Incorporated, a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): Cash Short-term investments Accounts receivable Supplies ints Prepaid expenses Office equipment Skipped $2,000 460 3,720 200 Accounts payable Unearned revenue $260 1,420 Salaries payable 970 4,920 Short-term note payable Common stock ($1 par value) 830 55 1,200 Additional paid-in capital Retained earnings 6,805 2,160 eBook Hint Print References a. Received $10,500 cash for consulting services rendered. b. Issued 20 additional shares of common stock at a market price of $125 per share. c. Purchased $740 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. d. Received $940 from clients for consulting services to be performed in the next year. e. Bought $570 of supplies on account. f. Incurred and paid $1,950 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,720, due from clients in the next year. h. Received $3,280 from clients paying on their accounts. i. Incurred $6,310 in salaries in the current year, paying $5,450 and owing the rest (to be paid next year). j. Purchased $1,330 in short-term investments and paid $850 for insurance coverage beginning in the next fiscal year. k. Received $15 in interest revenue earned in the current year on short-term investments. Required: Prepare an unadjusted classified income statement for the current year ended December 31. (Ignore income taxes.) Note: Enter your answers in thousands, not in dollars. FREEMAN, INCORPORATED Income Statement (unadjusted) Operating revenues: Total operating revenues 0 Operating expenses: Total operating expenses 0 Other item: $ 0