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Jaguar Plastics Company has been operating for three years. At December 3 1 of last year, the accounting records reflected the following: Cash $ 2

Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following:
Cash $23,000 Accounts payable $19,000
Investments (short-term)3,600 Accrued liabilities payable 3,400
Accounts receivable 3,700 Notes payable (current)7,800
Inventory 28,000 Notes payable (noncurrent)46,000
Notes receivable (long-term)1,800 Long-term lease liabilities 62,000
Equipment 55,000 Common stock 10,800
Factory building 102,000 Additional paid-in capital 97,200
Operating lease right-of-use assets 135,000 Retained earnings 109,600
Intangible assets 3,700
During the current year, the company had the following summarized activities:
Purchased short-term investments for $9,000 cash.
Lent $5,500 to a supplier, who signed a two-year note.
Leased equipment that cost $26,000; paid $5,400 cash and signed a five-year right-of-use lease for the balance.
Hired a new president at the end of the year. The contract was for $87,000 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.
Issued an additional 2,400 shares of $0.50 par value common stock for $17,000 cash.
Borrowed $10,000 cash from a local bank, payable in three months.
Purchased a patent (an intangible asset) for $1,100 cash.
Built an addition to the factory for $20,000; paid $8,300 in cash and signed a three-year note for the balance.
Returned defective equipment to the manufacturer, receiving a cash refund of $3,800. FIND THE NOTES PAYABLE (NONCURRENT)

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