The 5,400 and 8,800 are wrong for some reason. What should the correct numbers be?

The following information applies to the questions displayed below. Cougar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: 19,000 3,200 5,300 42,000 0,000 90,000 51,500 $27,000 Accounts payable Cash Investments (short-term) Accounts receivable Inventory Notes recelvable (long-term) Equipment Factory building Intangibles 3,000 4,800 25,000 Accrued liabilities payable Notes payable (short-term) Notes payable (long-term) 2,800 Common stock 56,000 Additional paid-in capital 99,000 Retained earnings 3,400 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,400 cash. b. Lent $6,300 to a supplier who signed a two-year note c. Purchased equipment that cost $20,000; paid $5,400 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. e. Issued an additional 3,000 shares of $0.50 par value common stock for $10,000 cash. f. Borrowed $19,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $2,600 cash. h. Built an addition to the factory for $28,000; paid $8,800 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $3,700. Notes Payable (short-term) Long-Term Notes Payable 42,000 Beg. Bal. 5,300 5,400 (c) 19,000 (f) Beg. Bal 8,800 (h) End. Bal. 29,700 End. Bal. 50,800