[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 Operating lease right-of-use assets Intangible assets $22,000 Accounts payable $15,000 3,000 Accrued liabilities payable 4,000 3,000 Notes payable (current) 7,000 20,000 Notes payable (noncurrent) 87,000 1,000 Long-term lease liabilities 63,000 50,000 Common stock 10,000 90,000 140,000 Additional paid-in capital Retained earnings 117,000 31,000 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. Leased equipment that cost $18,000; paid $5,000 cash and signed a five-year right-of-use lease 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. The new president begins her position on January 1 of next year. e. Issued an additional 2,000 shares of $0.50 par value common stock for $11,000 cash. 1. 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. Required: 4. Prepare a trial balance at December 31 of the current year. JAGUAR PLASTICS COMPANY Trial Balance At December 31 Account Titles Debit Credit Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Operating lease right-of-use assets Intangible assets Accounts payable Accrued liabilities payable Notes payable (current) Notes payable (noncurrent) Long-term lease liabilities Common stock Additional paid-in capital Retained earnings Totals $ 0 $ 0