Refer to E3-12.

Data From in E3-12

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

Required:
Use the ending balances in the T-accounts in E3-12 to prepare in good form an unadjusted classified income statement for the current year ended December 31. (Ignore income taxes.)

Cash Short-term investments Accounts receivable Supplies Prepaid expenses Office equipment $1,900 410 3,570 Salaries payable 150 Short-term note payable 4,720 1,050 Accounts payable Unearned revenue Common stock ($1 par value) Additional paid-in capital Retained earnings $ 210 1,320 870 780 50 6,560 2,010