Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot$-$com companies. You are a financial analyst assigned to report on the Massa management team$$s effectiveness at managing its assets efficiently. At the start of $2024($its fourth year$),$ Massa's account balances were as follows. Dollars are in thousands.

Accounts payable $$2,200$ Long$-$Term Investments $$6,400$

Accounts receivable $8,400$ Long$-$Term Notes Payable $1,000$

Additional paid$-$in capital $3,740$ Rent Expense $0$

Cash $3,400$ Retained earnings $5,800$

Common Stock $($$$0\mathrm{.}10$ par value$)660$ Travel Expense $0$

Consulting Fee Revenue $0$ Wages Expense $0$

Interest Revenue $0$ Unearned Revenue $4,800$

Utilities expense $0$

Transactions for $2024$:

Provided $$59,600$ in services to clients who paid $$48,400$ in cash and owed the rest on account.

Received $$5,700$ cash from clients on account.

Received $$490$ in cash as interest revenue on investments.

Paid $$35,500$ in wages, $$13,700$ in travel, $$7,400$ in rent, and $$1,400$ on accounts payable.

Received $$2,000$ in cash from clients in advance of services Massa will provide next year.

Received a utility bill for $$790$ for $2024$ services.

Declared and immediately paid $$360$ in dividends to stockholders.Transactions for $2024$:

a$.$ Provided $$59,600$ in services to clients who paid $$48,400$ in cash and owed the rest on account.

b$.$ Received $$5,700$ cash from clients on account.

c$.$ Received $$490$ in cash as interest revenue on investments.

d$.$ Paid $$35,500$ in wages, $$13,700$ in travel, $$7,400$ in rent, and $$1,400$ on accounts payable.

e$.$ Received $$2,000$ in cash from clients in advance of services Massa will provide next year.

f$.$ Received a utility bill for $$790$ for $2024$ services.

g$.$ Declared and immediately paid $$360$ in dividends to stockholders.

Required:

Using the data from this list, calculate the amounts for the following on January $1,2024.$

Enter the beginning balances and $2024$ transactions in the T$-$accounts.

Compute ending balances in the T$-$accounts to determine amounts for the following on December $31,2024.$

Calculate the net profit margin ratio for $2024.$

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Compute ending balances in the T$-$accounts to determine amounts for the following on December $31,2024$:

Note: Enter your answers in thousands, not in dollars.