Chapter 2 Graded Homework Assignment Saved Help Save & Exit Submit 10 Check my work 5 ! Part 3 of 3 Required information (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: 20 points Skipped Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $ 27,000 Accounts payable 3,000 Accrued liabilities payable 4,400 Notes payable (current) 34,000 Notes payable (noncurrent) 2,500 Common stock 52,000 Additional paid-in capital 104,000 Retained earnings 3,200 $19,000 2,900 6,300 42,000 10,600 95,400 53,900 eBook Print During the current year, the company had the following summarized activities: References a. Purchased short-term investments for $9,000 cash. b. Lent $5,700 to a supplier who signed a two-year note. c. Purchased equipment that cost $22,000; paid $5,900 cash and signed a one-year note for the balance. d. Hired a new president at the end of the year. The contract was for $88,000 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 2.900 shares of $0.50 par value common stock for $16,000 cash. f. Borrowed $14,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $1,700 cash. h. Built an addition to the factory for $23,000; paid $8,600 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $2,000. 5. Prepare a classified balance sheet at December 31 of the current year. 20 points JAGUAR PLASTICS COMPANY Skipped Balance Sheet Assets Liabilities eBook Print References 0 0 0 Stockholders' Equity 0 0 $ 0