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 $7,300 cash. b. Lent $6,700 to a supplier, who signed a two-year note. c. Leased equipment that cost $20,000; paid $4,400 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 $91,000 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 2,100 shares of $0.50 par value common stock for $17,000 cash. f. Borrowed $11,000 cash from a local bank, payable in three months. 9. Purchased a patent (an intangible asset) for $2,200 cash. h. Built an addition to the factory for $28,000; paid $7,800 in cash and signed a trree-year note for the balance. 1. Returned defective equipment to the manufacturer, receiving a cash refund of $1,400. JAGUAR PLASTICS COMPANY Trial Balance At December 31 Account Titles Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building 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