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

Cash	$	24,000		Accounts payable	$	14,000
Investments (short-term)		2,800		Accrued liabilities payable		3,300
Accounts receivable		4,300		Notes payable (current)		6,500
Inventory		32,000		Notes payable (noncurrent)		49,000
Notes receivable (long-term)		1,100		Common stock		10,700
Equipment		43,000		Additional paid-in capital		96,300
Factory building		101,000		Retained earnings		32,500
Intangibles		4,100

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

1. Purchased short-term investments for $7,900 cash.
2. Lent $5,400 to a supplier who signed a two-year note.
3. Purchased equipment that cost $23,000; paid $5,900 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 $88,000 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 2,300 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 $2,000 cash.
8. Built an addition to the factory for $23,000; paid $8,400 in cash and signed a three-year note for the balance.
9. Returned defective equipment to the manufacturer, receiving a cash refund of $3,400.