[The following information applies to the questions displayed below.] 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 $2,030 540 3,700 Accounts payable $340 Unearned revenue 1,450 Salaries payable 1,000 280 Short-term note payable 910 4,850 1,310 Common stock ($1 par value) 180 Additional paid-in capital Retained earnings 6,690 2,140 a. Received $9,630 cash for consulting services rendered. b. Issued 36 additional shares of common stock at a market price of $185 per share. c. Purchased $770 of office equipment, paying 30 percent in cash and owing the rest on a short-term note. d. Received $1,020 from clients for consulting services to be performed in the next year. e. Bought $600 of supplies on account. f. Incurred and paid $1,930 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,750, due from clients in the next year. h. Received $3,110 from clients paying on their accounts. i. Incurred $6,340 in salaries in the current year, paying $5,430 and owing the rest (to be paid next year). j. Purchased $1,360 in short-term investments and paid $930 for insurance coverage beginning in the next fiscal year. k. Received $75 in interest revenue earned in the current year on short-term investments. E3-12 Part 3 3. Using the data from the T-accounts, amounts for the following at the end of the current year were Note: Enter your answers in thousands, not in dollars. Revenues Assets Expenses = Liabilities = Net income Stockholder's equity