Jaguar Plastics Company has been operating for three years. At December $31$ of last year, the accounting records reflected the following:

Cash $$22,000$ Accounts payable $$15,000$

Investments $($short$-$term$)3,000$ Accrued liabilities payable $4,000$

Accounts receivable $3,000$ Notes payable $($current$)7,000$

Inventory $20,000$ Notes payable $($noncurrent$)87,000$

Notes receivable $($long$-$term$)1,000$ Long$-$term lease liabilities $63,000$

Equipment $50,000$ Common stock $10,000$

Factory building $90,000$ Additional paid$-$in capital $117,000$

Operating lease right$-$of$-$use assets $140,000$ Retained earnings $31,000$

Intangible assets $5,000$

During the current year, the company had the following summarized activities:

Purchased short$-$term investments for $$10,000$ cash.

Lent $$5,000$ to a supplier, who signed a two$-$year note.

Leased equipment that cost $$18,000$; paid $$5,000$ 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 $$85,000$ 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 $2,000$ shares of $$0\mathrm{.}50$ par value common stock for $$11,000$ cash.

Borrowed $$9,000$ cash from a local bank, payable in three months.

Purchased a patent $($an intangible asset$)$ for $$3,000$ cash.

Built an addition to the factory for $$24,000$; paid $$8,000$ in cash and signed a three$-$year note for the balance.

Returned defective equipment to the manufacturer, receiving a cash refund of $$1,000.$