(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: Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $23,000 Accounts payable 3,700 Accrued liabilities payable 3,800 Notes payable (short-term) 26,000 Notes payable (long-term) 2,100 Common stock 59,000 Additional paid-in capital 91,000 Retained earnings 4,400 $19,000 3,400 6,500 43,000 10,300 92,700 38,100 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,500 cash. b. Lent $6,400 to a supplier who signed a two-year note. C. Purchased equipment that cost $18,000; paid $4,500 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 $89,000 per year plus options to purchase company stock at a set price based on company performance. e. Issued an additional 2,900 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 $7,700 in cash and signed a three-year note for the balance. I. Returned defective equipment to the manufacturer, receiving a cash refund of $2,100. 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 23,000 Investments (short-term) 3,700 Beg. Bal. Beg. Bal. Part 1 of 4 8,500 (a) 6,400 (b) 1 points End. Bal. 3,700 End. Bal. 8,100 eBook Accounts Receivable 3,800 Inventory 26,000 Beg. Bal. Beg. Bal. Print End. Bal. 3,800 End. Bal. 26,000 References Notes Receivable (long-term) 2,100 Equipment 59,000 Beg. Bal. Beg. Bal. End. Bal. 2,100 End. Bal. 59,000 Factory Building 91,000 Intangibles 4,400 Beg. Bal. Beg. Bal. End. Bal. 91,000 End. Bal. 4,400 Part 1 of 4 Accounts Payable 19,000 Accrued Liabilities Payable 3,400 Beg. Bal. Beg. Bal. 1 points End. Bal. 19,000 End. Bal. 3,400 Notes Payable (short-term) 6,500 Long-Term Notes Payable 43,000 eBook Beg. Bal. Beg. Bal. Print End. Bal. 6,500 End. Bal. 43,000 References Common Stock 10,300 Additional Paid-in Capital 92,700 Beg. Bal. Beg. Bal. End. Bal. 10,300 End. Bal. 92,700 Retained Earnings 38,100 Beg. Bal. End. Bal. 0 38,100