Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Cash $21,000 Accounts payable $19,000 Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment 1,800 56,000 2,500 Accrued liabilities payable 3,900 Notes payable (current) 33,000 Notes payable (noncurrent) Long-term lease liabilities Common stock 2,700 7,800 46,000 59,000 10,500 Factory building Operating lease right-of-use assets Intangible assets 96,000 Additional paid-in capital 135,000 Retained earnings 3,200 94,500 112,900 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,900 cash. b. Lent $6,500 to a supplier, who signed a two-year note. c. Leased equipment that cost $19,000; paid $4,900 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 $86,000 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 2,300 shares of $0.50 par value common stock for $15,000 cash. f. Borrowed $17,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $2,400 cash. h. Built an addition to the factory for $25,000; paid $8,200 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $1,200. Debit Credit Account Titles Cash Investments (short-term) Accounts receivable Inventory JAGUAR PLASTICS COMPANY Notes receivable (long-term) Equipment Factory building Trial Balance At December 31 Operating lease right-of-use assets Intangible assets Accounts payable Accrued liabilities payable Notes payable (current) Notes payable (noncurrent) Long-term lease liabilities Common stock Additional paid-in capital Retained earnings Totals 0 0