$22,000 Accounts payable [The following information applies to the questions displayed below.] Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following Cash Investments (short-term) Accounts receivable. Inventory Notes receivable (long-term) Equipment Factory building Operating lease right-of-use assets Intangible assets $15,000 4,000 7,000 87,000 63,000 10,000 117,000 31,000 3,000 Accrued liabilities payable 3,000 Notes payable (current) 20,000 Notes payable (noncurrent) 1,000 Long-term lease liabilities 50,000 Common stock 90,000 Additional paid-in capital 140,000 Retained earnings 5,000 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $10,000 cash. b. Lent $5,000 to a supplier, who signed a two-year note. c. Leased equipment that cost $18,000: paid $5,000 cash and signed a five-year right-of-use lease for the balance. d. Hired a new president at the end of the year The contract was for $85,000 per year plus options to purchase company stock at a set price based on company performance. The new president begins her position on January 1 of next year. e. Issued an additional 2,000 shares of $0.50 par value common stock for $11,000 cash. f. Borrowed $9,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $3,000 cash h. Built an addition to the factory for $24,000, paid $8,000 in cash and signed a three-year note for the balance. 1. Returned defective equipment to the manufacturer, receiving a cash refund of $1,000. Required: 1. & 2. Post the current year transactions to T-accounts for each of the accounts on the balance sheet.