Refer to E3-13.

E3-13

At January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands of dollars, except number of shares and par value per share):

Required:
Use the ending balances in the T-accounts in E3-13 to prepare in good form an income statement for the current year ended December 31. (Ignore income taxes.)

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Cash Short-term investments Accounts receivable Supplies Prepaid expenses Office equipment Accumulated depreciation office equipment (60 This account has a credit balance representing the portion of the cost of the equipment used in the past. $1,900 Accounts payable S 210 1,320 870 780 50 6,560 2,010 410 Unearned revenue 3.570 Salaries payable 150 Short-term note payable 4,720 1,530 Common stock ($1 par value) Additional paid-in capital 480) Retained earnings