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 $ 25,000 Accounts payable 2,100 Accrued liabilities payable 4,000 Notes payable (current) 25,000 Notes payable (noncurrent) 2,900 Common stock 49,000 Additional paid-in capital 105,000 Retained earnings 4,700 $13,000 2,300 6,100 45,000 9,300 83,700 58,300 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,200 cash. b. Lent $5,800 to a supplier who signed a two-year note. c. Purchased equipment that cost $26,000; 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 $84,000 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 2,700 shares of $0.50 par value common stock for $17,000 cash. f. Borrowed $17,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $2,800 cash. h. Built an addition to the factory for $24,000; paid $8,900 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $3,800. Required: 1. & 2. Post the current year transactions to T-accounts for each of the accounts on the balance sheet. (Two items have been given in the cash T-account as examples). Cash 25,000 Investments (short-term) 2,100 Beg. Bal. Beg. Bal. 8,200 (a) 5,800 (6) End. Bal. 2,100 (1) (0) End. Bal. 11,000 Inventory Accounts Receivable 4,000 Beg. Bal. Beg. Bal. 25,000 End. Bal. 4,000 End. Bal. 25,000 Notes Receivable (long-term) Equipment Beg. Bal. 2,900 Beg. Bal. 49,000 End. Bal. 2,900 End. Bal. 49,000 Factory Building 105,000 Intangibles 4,700 Beg. Bal. Beg. Bal. End. Bal. 105,000 End. Bal. 4,700 Accounts Payable 13,000 Accrued Liabilities Payable 2,300 Beg. Bal. Beg. Bal. End. Bal. 13,000 End. Bal. 2,300 Notes payable (current) 6,100 Notes payable (noncurrent) 45,000 Beg. Bal. Beg. Bal. Beg. Bal. 6,100 Beg. Bal. 45,000 End. Bal. 6,100 End. Bal. 45,000 Common Stock Additional Paid-in Capital 83,700 Beg. Bal. 9,300 Beg. Bal. End. Bal. 9,300 End. Bal. 83,700 Retained Earnings 58,300 Beg. Bal. End. Bal. 0 58,300