rrect or incorrect for the work you have completed so far. It does not indice 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 $ 26,000 Accounts payable 3,000 Acerued liabilities payable 3,800 Notes payable (current) 25,000 Notes payable (noncurrent) 1,300 Common stock 58,000 Additional paid-in capital 104,000 Retained earninga 4.900 $19,000 3,600 6,000 48,000 10,300 92,700 46,400 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,800 cash. b. Lent $6,800 to a supplier who signed a two-year note. c. Purchased equipment that cost $28,000; paid $4,700 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 1.200 shares of $0.50 par value common stock for $14,000 cash. 1. Borrowed $14.000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $2,000 cash. h. Built an addition to the factory for $28,000; paid $7,500 in cash and signed a three-year note for the balance. 1. Returned defective equipment to the manufacturer, receiving a cash refund of $1.900 End. Bal. 132,000 End. Bal. 6,900 Accounts Payable 19,000 Beg. Bal. Accrued Liabilities Payable 3,600 Beg. Bal. End. Bal. 19,000 End. Bal. 3,600 Beg. Bal. Notes payable (current) 6,000 28,000 X (c) 14,000 (0 Beg Bal. Notes payable (noncurrent) 48,000 28,000 (h) > End. Bal. 48,000 End. Bal. 76,000 Common Stock 10,300 Additional Pald in Capital 92.700 Bog. Bat. Beg Bal. (e) End. Bal. 10,300 End. Bal. 92.700 Retained Earnings rrect or incorrect for the work you have completed so far. It does not indice 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 $ 26,000 Accounts payable 3,000 Acerued liabilities payable 3,800 Notes payable (current) 25,000 Notes payable (noncurrent) 1,300 Common stock 58,000 Additional paid-in capital 104,000 Retained earninga 4.900 $19,000 3,600 6,000 48,000 10,300 92,700 46,400 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,800 cash. b. Lent $6,800 to a supplier who signed a two-year note. c. Purchased equipment that cost $28,000; paid $4,700 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 1.200 shares of $0.50 par value common stock for $14,000 cash. 1. Borrowed $14.000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $2,000 cash. h. Built an addition to the factory for $28,000; paid $7,500 in cash and signed a three-year note for the balance. 1. Returned defective equipment to the manufacturer, receiving a cash refund of $1.900 End. Bal. 132,000 End. Bal. 6,900 Accounts Payable 19,000 Beg. Bal. Accrued Liabilities Payable 3,600 Beg. Bal. End. Bal. 19,000 End. Bal. 3,600 Beg. Bal. Notes payable (current) 6,000 28,000 X (c) 14,000 (0 Beg Bal. Notes payable (noncurrent) 48,000 28,000 (h) > End. Bal. 48,000 End. Bal. 76,000 Common Stock 10,300 Additional Pald in Capital 92.700 Bog. Bat. Beg Bal. (e) End. Bal. 10,300 End. Bal. 92.700 Retained Earnings