At January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands of dollars, except number of shares and par value per share):

Cash	$	2,040	Accounts payable	$	280
Short-term investments		480	Unearned revenue		1,460
Accounts receivable		3,780	Salaries Payable		1,010
Supplies		220	Short-term note payable		850
Prepaid expenses		5,000	Common stock ($1 par value)		57
Office equipment		1,670	Additional paid-in capital		6,903
Accumulated depreciation-office equipment		(410)	Retained earnings		2,220

1. Received $10,900 cash for consulting services rendered.
2. Issued 10,140 additional shares of common stock at a market price of $127 per share.
3. Purchased $780 of equipment, paying 25 percent in cash and owing the rest on a short-term note.
4. Received $960 from clients for consulting services to be performed in the next year.
5. Bought $610 of supplies on account.
6. Incurred and paid $2,010 in utilities for the current year.
7. Consulted for clients in the current year for fees totaling $1,760, due from clients in the next year.
8. Received $4,380 from clients paying on their accounts.
9. Incurred $6,350 in salaries in the current year, paying $5,510 and owing the rest (to be paid next year).
10. Purchased $1,370 in short-term investments and paid $870 for insurance coverage beginning in the next fiscal year.
11. Received $17 in interest revenue earned in the current year on short-term investments.

Required: Prepare in good form an income statement for the current year ended December 31. (Ignore income taxes.) (Enter your answer in thousands, not in dollars.) CONOVER, INC. Income Statement Operating revenues: Total operating revenues Operating expenses: Total operating expenses Other item