Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Inventory $21,000 Accounts payable 2,300 Accrued liabilities payable 3,400 Notes payable (current) 25,000 Notes payable (noncurrent) 1,300 Long-term lease liabilities 50,000 Common stock Cash $20,000 Investments (short-term) 3,900 Accounts receivable 7,800 43,000 Notes receivable (long-term) 63,000 Equipment 9,000 Factory building Operating lease right-of-use assets Intangible assets 95,000 Additional paid-in capital 135,000 Retained earnings 3,300 81,000 108,600 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $7,400 cash. b. Lent $6,400 to a supplier, who signed a two-year note. c. Leased equipment that cost $25,000; paid $5,100 cash and signed a five-year right-of-use lease for the balance. d. Hired a new president at the end of the year. The contract was for $82,000 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 2,200 shares of $0.50 par value common stock for $18,000 cash. f. Borrowed $12,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $1,500 cash. h. Built an addition to the factory for $22,000; paid $8,300 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $3,300. Required: 4. Prepare a trial balance at December 31 of the current year.