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 Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $ 21,000 Accounts payable 3,900 Accrued liabilities payable. 4,300 Notes payable (current) 27,000 Notes payable (noncurrent) 2,600 Common stock $19,000 2,100 6,400 45,000 9,600 40,000 Additional paid-in capital 101,000 Retained earnings 4,200 86,400 35,500 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,200 cash b. Lent $5,300 to a supplier who signed a two-year note. c. Purchased equipment that cost $25,000; paid $5,700 cash and signed a one-year note for the balance. d. Hired a new president at the end of the year. The contract was for $79,000 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 1,700 shares of $0.50 par value common stock for $11,000 cash. f Borrowed $12,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $1,200 cash. h. Built an addition to the factory for $23,000; paid $8,800 in cash and signed a three-year note for the balance. 1. Returned defective equipment to the manufacturer, receiving a cash refund of $2,300.