[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): a. Received $9,500 cash for consulting services rendered. b. Issued 10 additional shares of common stock at a market price of $120 per share. c. Purchased $640 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. d. Received $890 from clients for consulting services to be performed in the next year. e. Bought $470 of supplies on account. Required information \begin{tabular}{|l|l|l|} \hline \multicolumn{3}{|c|}{ Utilities Expense } \\ \hline \multicolumn{2}{|c|}{ Debit } \\ \hline Beginning Balance & & \\ \hline(f) & 1,800 & \\ \hline & & \\ \hline Ending Balance & 1,800 & \\ \hline \end{tabular} 1) Required information Required information e. Bought $470 of supplies on account. f. Incurred and paid $1,800 in utilities for the current year. g. Consulted for clients in the current year for fees totaling $1,620, due from clients in the next year. h. Received $2,980 from clients paying on their accounts. 1. Incurred $6,210 in salaries in the current year, paying $5,300 and owing the rest (to be paid next year). J. Purchased $1,230 in short-term investments and paid $800 for insurance coverage beginning in the next fiscal year. k. Recelved $10 in interest revenue earned in the current year on short-term investments. 2. Enter the following transactions for the current year into the kaccounts, using the letter of each transaction as the reference. Note: Enter your answers in thousands, not in dollars. Required information Required information