Check my work 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 Prepaid expenses Office equipment $2,120 520 Accounts payable $320 Unearned revenue 1,540 3,900 Salaries payable 1,090 260 Short-term note payable 890 5,160 Common stock ($1 par value) 61 1,380 Additional paid-in capital Retained earnings 7,099 2,340 a. Received $11,700 cash for consulting services rendered. b. Issued 32 additional shares of common stock at a market price of $131 per share. c. Purchased $860 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. d. Received $1,000 from clients for consulting services to be performed in the next year. e. Bought $690 of supplies on account. f. Incurred and paid $2,130 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,840, due from clients in the next year. h. Received $3,400 from clients paying on their accounts. i. Incurred $6,430 in salaries in the current year, paying $5,630 and owing the rest (to be paid next year). J. Purchased $1,450 in short-term investments and paid $910 for insurance coverage beginning in the next fiscal year. k. Received $21 in interest revenue earned in the current year on short-term investments. 2 View Himry Bookmarks Develes Graded Connect Homework #2 6 Required 14.28 ME M Wieder Question Prepare an unadjusted classified income statement for the current year ended December 31. ( Note: Enter your answers in thousands, not in dollars FREEMAN, INCORPORATED O 93 Operating Total operating revert Operating expenses Q E C 44 35 %6 R T Y & 7 8 CO J