Required Information [The following information applies to the questions displayed below.] 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): Cash Short-term investments Accounts receivable Supplies Prepaid expenses Office equipment Accumulated depreciation-office equipment* $ 2,050 Accounts payable $ 360 560 Unearned revenue 3,720 Salaries Payable 1,470 1,020 300 Short-term note payable 4,870 Common stock ($1 par value) 1,680 Additional paid-in capital (330) Retained earnings 930 200 6,710 2,160 *This account has a credit balance representing the portion of the cost of the equipment used in the past. a. Received $9,650 cash for consulting services rendered. b. Issued 40 additional shares of common stock at a market price of $195 per share. c. Purchased $790 of office equipment, paying 50 percent in cash and owing the rest on a short-term note. d. Received $1,040 from clients for consulting services to be performed in the next year. e. Bought $620 of supplies on account. f. Incurred and paid $1,950 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,770, due from clients in the next year. h. Received $3,130 from clients paying on their accounts. i. Incurred $6,360 in salaries in the current year, paying $5,450 and owing the rest (to be paid next year). j. Purchased $1,380 in short-term investments and paid $950 for insurance coverage beginning in the next fiscal year. k. Received $85 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 = Liabilities = Net income + Stockholder's equity