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 Accounts receivable

$8,000$

$$6,4001,600$

$0$

Additional paid$-$in capital

$4,000$

Rent Expense

Cash

$3,200$

$800$

$0$

$0$

Long$-$Term Investments Long$-$Term Notes Payable

Retained earnings

$3,200$

$0$

$0$

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

Travel Expense

Consulting Fee Revenue

Wages Expense

Interest Revenue

$$2,400$

Unearned Revenue

$5,600$

$0$

Utilities expense

Transactions for $2024$:

a$.$ Provided $$58,000$ in services to clients who paid $$48,000$ in cash and owed the rest on account.

b$.$ Received $$5,600$ cash from clients on account.

c$.$ Received $$400$ in cash as interest revenue on investments.

d$.$ Paid $$36,000$ in wages, $$12,000$ in travel, $$7,600$ in rent, and $$1,600$ on accounts payable.

e$.$ Received $$1,600$ in cash from clients in advance of services Massa will provide next year.

f$.$ Received a utility bill for $$800$ for $2024$ services.

g$.$ Declared and immediately paid $$480$ in dividends to stockholders.

Required:

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

$2.$ Enter the beginning balances and $2024$ transactions in the T$-$accounts.

$3.$ Compute ending balances in the T$-$accounts to determine amounts for the following on December $31,2024.$

$4.$ Calculate the net profit margin ratio for $2024.$