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 2,500 Accrued liabilities payable 4,100 Notes payable (current) 30,000 Notes payable (noncurrent) 2,900 Long-term lease liabilities 50,000 Common stock 3,300 7,600 41,000 62,000 10,100 Factory building Operating lease right-of-use assets 140,000 101,000 Additional paid-in capital Retained earnings 90,900 120,700 Intangible assets 3,100 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,500 cash. b. Lent $6,600 to a supplier, who signed a two-year note. c. Leased equipment that cost $21,000; paid $5,700 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 $83,000 per year plus options to purchase company stock at a set price based on company performance. The new president begins her position on January of next year. e. Issued an additional 2,600 shares of $0.50 par value common stock for $18,000 cash. f. Borrowed $14,000 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 $28,000; paid $7,700 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $3,600.