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): a. Received $9,660 cash for consulting services rendered. b. Issued 42 additional shares of common stock at a market price of $200 per share. c. Purchased $800 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. d. Received $1,050 from clients for consulting services to be performed in the next year. e. Bought $630 of supplies on account. 1. Incurred and paid $1,960 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,780, due from clients in the next year. h. Received $3,140 from cllents paying on their accounts. i. Incurred $6,370 in salaries in the current year, paying $5,460 and owing the rest (to be paid next year). 3. Purchased $1,390 in short-term investments and paid $960 for insurance coverage beginning in the next fiscal year. k. Recelved $90 in interest revenue earned in the current year on short-term investments. E3-12 Part 1 Required: 1. Prepare journal entries for each transaction for the current year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands, not in dollars. Note: Enter debits before credits