Prepare a classified balance sheet

Required information (The following information applies to the questions displayod below] Jaguar Plastics Compary has been operating for three years. At December 31 of last year, the accounting records reflected the following During the current year, the company had the following summarized actlivilies: a. Purchased short-term investments for $8,000 cash. b. Lent $5,900 to a supplier, who signed a two-year note. c. Leased equipment that cost $24,000; pald $5,100 cash and sfgned ofve-year right-of-use iease for the balance. d. 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 performence. The new president begins her position on January 1 of next year e. Issued an additional 2,900 shares of $0.50 par value common stock for $15,000 cash. f. Borrowed $12,000 cash from a local bank. payable in three months. 9. Purchased a potent (an intanglble asset) for $2,200cash 7. Buit an addition to the factory for $29,000; paid $8.500 in cash and signed a three-yeor note for the balance. L. Refurned defective equipment to the manufacturer, receiving o cash refund of $2,700. Required: 5. Prepare b classified balance sheet at December 31 of the current year