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 Intangibles $ 25,000 Accounts payable 2,100 Accrued liabilities payable 4,000 Notes payable (current) 25,000 Notes payable (noncurrent) 2,900 Common stock 49,000 Additional paid-in capital 105,000 Retained earnings 4,700 $13,000 2,300 6,100 45,000 9,300 83,700 58,300 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,200 cash. b. Lent $5,800 to a supplier who signed a two-year note. c. Purchased equipment that cost $26,000; paid $5,700 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 $84,000 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 2,700 shares of $0.50 par value common stock for $17,000 cash. f. Borrowed $17,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $2,800 cash. h. Built an addition to the factory for $24,000; paid $8,900 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $3,800. 4. Prepare a trial balance at December 31 of the current year