Injection Plastics Company has been operating for three years. At December 31, 2017, the accounting records reflected the following:

P2-3 Recording Transactions in T-Accounts, Preparing a Statement of Financial Position from a Trial Balance, and Evaluating the Current Ratio LO2-6 Injection Plastics Company has been operating for three years. At December 31, 2017, the accounting records reflected the following $ 28,000 Intangibles 3,400 Accounts payable 4400 Accrued liabilities Accounts receivable Notes receivable (ong-term) Factory building 3.400 31,000 Short-term bonrowings 2,400 Notes payable (long-term) 55,000 104,000 55,000 Contributed capital 97,000 Retained eamings During the year 2018, the following summarized transactions were completed: a. Purchased equipment that cost $20,800; paid $7,400 cash and signed a one-year note for the balance b. Issued 3,400 addtional shares for $20,400 cash a Lent $8.400 to a manager, who signed a two-year note. d. Purchased short-term investments for $10,400 in cash. e. Pald $6,400 on the note in transaction (a). Borrowed $13,400 cash on December 31, 2018, from the bank and signed note, payable June 30, g. Purchased a patent (an intangble asset) for $4,400 cash. h. Built an addition to the factory for $29,200; paid $10,400 in cash and signed a three-year note for the Hired a new president at the end ofthe year. The contract was for $92,000 per year plus options to purchase company shares at a set price based on company performance. J Retumed defective equipment to the manufacturer, receiving a cash refund of $2.400 1&2. Post the T-accounts for each of the accounts on the statement of financial position and enter the balances at the end of 2017 as beginning balances for 2018