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

Cash	$	26,000		Accounts payable	$	14,000
Investments (short-term)		2,400		Accrued liabilities payable		2,800
Accounts receivable		3,500		Notes payable (current)		6,200
Inventory		27,000		Notes payable (noncurrent)		42,000
Notes receivable (long-term)		1,300		Common stock		9,900
Equipment		50,000		Additional paid-in capital		89,100
Factory building		96,000		Retained earnings		46,900
Intangibles		4,700

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

1. Purchased short-term investments for $7,600 cash.
2. Lent $6,200 to a supplier who signed a two-year note.
3. Purchased equipment that cost $25,000; paid $4,400 cash and signed a one-year note for the balance.
4. Hired a new president at the end of the year. The contract was for $76,000 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.
5. Issued an additional 2,000 shares of $0.50 par value common stock for $13,000 cash.
6. Borrowed $18,000 cash from a local bank, payable in three months.
7. Purchased a patent (an intangible asset) for $1,800 cash.
8. Built an addition to the factory for $22,000; paid $8,200 in cash and signed a three-year note for the balance.
9. Returned defective equipment to the manufacturer, receiving a cash refund of $1,600.

5. Prepare a classified balance sheet at December 31 of the current year.