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

Cash	$22,000	Accounts payable	$15,000
Investments (short-term)	3,000	Accrued liabilities payable	4,000
Accounts receivable	3,000	Notes payable (current)	7,000
Inventory	20,000	Notes payable (noncurrent)	87,000
Notes receivable (long-term)	1,000	Long-term lease liabilities	63,000
Equipment	50,000	Common stock	10,000
Factory building	90,000	Additional paid-in capital	117,000
Operating lease right-of-use assets	140,000	Retained earnings	31,000
Intangible assets	5,000

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

Purchased short-term investments for $10,000 cash.

Lent $5,000 to a supplier, who signed a two-year note.

Leased equipment that cost $18,000; paid $5,000 cash and signed a five-year right-of-use lease for the balance.

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.

Issued an additional 2,000 shares of $0.50 par value common stock for $11,000 cash.

Borrowed $9,000 cash from a local bank, payable in three months.

Purchased a patent (an intangible asset) for $3,000 cash.

Built an addition to the factory for $24,000; paid $8,000 in cash and signed a three-year note for the balance.

Returned defective equipment to the manufacturer, receiving a cash refund of $1,000.