Cash At January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): $ 1,970 Accounts payable 480 Unearned revenue 3,640 Salaries Payable $ 280 1,390 940 220 Short-term note payable 4,790 Common stock ($1 par value) 1,600 Additional paid-in capital (410) Retained earnings 850 120 6,630 Short-term investments Accounts receivable Supplies Prepaid expenses Office equipment Accumulated depreciation-office equipment* 2,080 *This account has a credit balance representing the portion of the cost of the equipment used in the past. a. Received $9,570 cash for consulting services rendered. b. Issued 24 additional shares of common stock at a market price of $155 per share. c. Purchased $710 of office equipment, paying 20 percent in cash and owing the rest on a short- term note. d. Received $960 from clients for consulting services to be performed in the next year. e. Bought $540 of supplies on account. f. Incurred and paid $1,870 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,690, due from clients in the next year. h. Received $3,050 from clients paying on their accounts. i. Incurred $6,280 in salaries in the current year, paying $5,370 and owing the rest (to be paid next year). j. Purchased $1,300 in short-term investments and paid $870 for insurance coverage beginning in the next fiscal year. k. Received $45 in interest revenue earned in the current year on short-term investments. 3. Using the data from the T-accounts, amounts for the following at the end of the current year were (Enter your answers in thousands, not in dollars. Round your final answers to nearest whole dollar.) Revenues Assets Expenses = Net income = Liabilities + Stockholder's equity