Question: What are the missing values? Return to question 6 At January 1 (beginning of its fiscal year). Conover, Inc. a financial services consulting firm, reported

What are the missing values?
What are the missing values? Return to question 6 At January 1
(beginning of its fiscal year). Conover, Inc. a financial services consulting firm,

Return to question 6 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: 14.28 points Cash $ 1.920 Accounts payable 220 Short-term investments 420 Unearned revenue 1,340 Accounts receivable 3,600 salaries Payable 890 Supplies 160 Short-ten note payable 790 Prepaid expenses 4.760 Common stock (51 par value) 51 office equipment 1.550 Additional paid in capital 6,609 Accumulated depreciation office equipment (470) Retained earnings 2,040 *This account has a credit balance representing the portion of the cost of the equipment used in the post a. Received $9.700 cash for consulting services rendered b. Issued 12 additional shares of common stock at a market price of $121 per share. c. Purchased $660 of office equipment paying 25 percent in cash and owing the rest on a short-term note. d. Received $900 from clients for consulting services to be performed in the next y year e. Bought $490 of supplies on account. f. Incurred and paid $1,830 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1.640. due from clients in the next year. h. Received $3,200 from clients paying on their accounts Lincurred $6,230 in salaries in the current year, paying $5,330 and owing the rest (to be paid next year. 3. Purchased $1.250 in short-term investments and paid $810 for insurance coverage beginning in the next fiscal year k. Received $11 in interest revenue earned in the current year on short-term investments Required: Prepare in good form an unadjusted classified income statement for the current year ended December 31. lgnore income taxes 6. Prepare in good form an unadjusted classified income statement (Enter your answer in thousands, not in dollars.) X Answer is not complete. 4.28 points CONOVER, INC. Income Statement (unadjusted) Operating revenues: Consulting fees revenue $ 11,340 11,340 Total operating revenues Operating expenses: Utilities expense Salaries expense 1,830 6,230 8,060 3,280 Total operating expenses Operating income Other item: 11 Interest revenue $ 3,291 Net income

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