Before you try to start it (or kick it over any more), get that nasty old oil out of there and replace it with new oil. After you get it running, run it for 50 or 100 miles and then change it again.
But first things first. The needles are stuck to the main jets, which is why the throttle won't move. No big deal, you'll just need to remove the airbox and carbs. Open the choke so you can spray carb cleaner into the back side, and spray it into both the front (intake side) and back (where the chokes are). This will coat the slides with carb cleaner in case they are stuck too. Then cross your fingers and remove the bowls. Be careful to keep the needles and seats paired up unless you are buying new, but keep them together just the same for spares (or if you can't find new for some reason). You'll need to set your float height before buttoning everything up, and now's a good time to make sure you don't have a float problem (pinhole, etc).
Replace your plugs, points, battery, oil, and rebuild the carbs and front brake and for now you're done! One busy weekend and that bike would be on the road. Order your master cylinder rebuild kit, front caliper O ring, carb rebuild kits (gaskets, o rings at least), battery, points and plugs now so when you're ready they will be there.
It's neat to see someone getting their first bike and remembering how excited we were to get ours. Mine was a '72 CB350 twin for $40 with a fried cam chain tensioner. Still have it some 30 cycles and 20 years later!
Craig