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: Cash $23,000 Accounts payable $20,000 Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment 3,000 Accrued liabilities payable 3,700 Notes payable (current) 29,000 Notes payable (noncurrent) 2,200 Long-term lease liabilities 55,000 Common stock 2,600 6,200 43,000 66,000 10,900 Factory building Operating lease right-of-use assets 140,000 94,000 Additional paid-in capital Retained earnings 98,100 106,900 Intangible assets 3,800 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,500 cash. b. Lent $6,000 to a supplier, who signed a two-year note. c. Leased equipment that cost $27,000; paid $4,800 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 $82,000 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 2,200 shares of $0.50 par value common stock for $18,000 cash. f. Borrowed $20,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $2,900 cash. h. Built an addition to the factory for $29,000; paid $8,200 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $1,900. Required: 1. & 2. Post the current year transactions to T-accounts for each of the accounts on the balance sheet.