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 $23,000 Accounts payable 2,100 Accrued liabilities payable 3,100 Notes payable (current) 27,000 Notes payable (noncurrent) 2,000 Common stock 53,000 Additional paid-in capital 93,000 Retained earnings 4,200 $19,000 2,900 5,600 46,000 10,700 96,300 26,900 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,300 cash. b. Lent $5,600 to a supplier who signed a two-year note. c. Purchased equipment that cost $21,000; paid $4,900 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 $79,000 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 1,300 shares of $0.50 par value common stock for $18,000 cash. f. Borrowed $17,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $2,000 cash. h. Built an addition to the factory for $21,000; paid $7,300 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $1,400. Required: 1. & 2. Post the current year transactions to T-accounts for each of the accounts on the balance sheet. (Two items have been given in the cash T-account as examples). Cash 23,000 Investments (short-term) 2,100 Beg. Bal. Beg. Bal. 8,300 (a) 5,600 (6) End. Bal. 2,100 End. Bal. 9,100 Accounts Receivable Inventory 27,000 Beg. Bal. 3,100 Beg. Bal. End. Bal. 3,100 End. Bal. 27,000 Notes Receivable (long-term) Equipment 53,000 Beg. Bal. 2,000 Beg. Bal. End. Bal. 2,000 End. Bal. 53,000 Factory Building 93,000 Intangibles 4,200 Beg. Bal. Beg. Bal. End. Bal. 93,000 End. Bal. 4,200 Accounts Payable 19,000 Accrued Liabilities Payable 2,900 Beg. Bal. Beg. Bal. End. Bal. 19,000 End. Bal. 2,900 Notes payable (current) 5,600 Notes payable (noncurrent) 46,000 Beg. Bal. Beg. Bal. End. Bal. 5,600 End. Bal. 46,000 Common Stock 10,700 Additional Paid-in Capital 96,300 Beg. Bal. Beg. Bal. End. Bal. 10,700 End. Bal. 96,300 Retained Earnings 26,900 Beg. Bal. End. Bal. 0 26,900