[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 $22,000 Accounts payable Cash Investments (short-term) Accounts recelvable Inventory Notes receivable (long-term Equipment Factory building Intangibles $15,000 3,000 Accrued liabilities payable 4,000 3,000 Notes payable (short-term7000 20,000 Notes payable (long-term 47,000 10,000 80,000 31,000 1,000 Common stock 50,000 Additional paid-in capital 90,000 Retained earnings 5,000 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $10,000 cash. b. Lent $5,000 to a supplier who signed a two-year note c. Purchased equipment that cost $18,000; paid $5,000 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 $85,000 per year plus options to purchase company stock at a set price based on company performance. e. Issued an additional 2,000 shares of $0.50 par value common stock for $11,000 cash. f. Borrowed $9,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $3,000 cash. h Built an addition to the factory for $24,000; paid $8,000 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $1,000. Cash Investments (short-term Beg. Bal. 22,000 Beg. Bal 3,000 10,000 (a) 5,000 (b) End. Bal 3,000 End. Bal 7,000 Accounts Receivable Inventory 20,000 Beg. Bal 3,000 Beg. Bal End. Bal 3,000 End. Bal Notes Receivable (long-term) Equipment Beg. Bal 1,000 Beg. Bal 50,000 End. Bal 1,000 End. Bal Factory Building Intangibles 5,000 Beg. Bal 90,000 Beg. Bal End. Bal 90,000 End. Bal 5,000 Accounts Payable 15,000 Accrued Liabilities Payable Beg. Bal Beg. Bal 4,000 End. Bal 15,000 End. Bal 4,000 Notes Payable (short-term) Long-Term Notes Payable Beg. Bal 7,000 Beg. Bal 47,000 End. Bal 7,000 End. Bal Common Stock Additional Paid-in Capital Beg. Bal 10,000 Beg. Bal 80,000 End. Bal End. Bal Retained Earnings 31,000 Beg. Bal End. Bal 31,000