d. Hired a new president of the end of the year. The contract was for $80,000 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 2.200 shares of $0.50 par value common stock for $19,000 cash. 1. Borrowed $14,000 cash from a local bank, payoble in three months. 9. Purchesed a patent (an intangible asset) for $1,900 cash. h Bult an addition to the foctory for \$29,000; paid \$0,300 in cash and signed a three-year note for the balance. i Returned defective equipment to the manufacturer, receiving a cash refund of $2.900 Required: 5. Prepare s ciassified balance sheet at December 31 of the current year. d. Hired a new president of the end of the year. The contract was for $80,000 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 2.200 shares of $0.50 par value common stock for $19,000 cash. 1. Borrowed $14,000 cash from a local bank, payoble in three months. 9. Purchesed a patent (an intangible asset) for $1,900 cash. h Bult an addition to the foctory for \$29,000; paid \$0,300 in cash and signed a three-year note for the balance. i Returned defective equipment to the manufacturer, receiving a cash refund of $2.900 Required: 5. Prepare s ciassified balance sheet at December 31 of the current year