Required information

$[$The following information applies to the questions displayed below.$]$

Jaguar Plastics Company 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 activities:

a$.$ Purchased short$-$term investments for $$7,200$ cash.

b$.$ Lent $$6,900$ to a supplier, who signed a two$-$year note.

c$.$ Leased equipment that cost $$19,000$; paid $$6,000$ 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 $$85,000$ 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 $1,600$ shares of $$0\mathrm{.}50$ par value common stock for $$19,000$ cash.

f$.$ Borrowed $$13,000$ cash from a local bank, payable in three months.

g$.$ Purchased a patent $($an intangible asset$)$ for $$1,600$ cash.

h$.$ Built an addition to the factory for $$22,000$; paid $$8,100$ in cash and signed a three$-$year note for the balance.

i$.$ Returned defective equipment to the manufacturer, receiving a cash refund of $$2,800.\backslash$table$[[$JAGUAR PLASTICS COMPANY$],[$Trial Balance$],[$At December $31],[$Account Titles,Debit,Credit$],[$Cash$,$longrightarrow,?$],[$Investments $($short$-$term$),>,$P$],[$Accounts receivable,P$,$P$],[$Inventory$,?,?],[$Notes receivable $($long$-$term$),>,?],[$Equipment$,>,?],[$Factory building,P$,?],[$Operating lease right$-$of$-$use assets,$>,?],[$Intangible assets,P$,?],[$Accounts payable,$>,?],[$Accrued liabilities payable,$>,?],[$Notes payable $($current$),$P$,?],[$Notes payable $($noncurrent$),>,?],[$Long$-$term lease liabilities,$>,?],[$Common stock,$\backslash$rangle$,?],[$Additional paid$-$in capital,$>,>],[$Retained earnings,$,?],[$Totals$,0,0]]$ JAGUAR PLASTICS COMPANY

Balance Sheet