[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 $ 23,000 Accounts payable 3,400 Accrued liabilities payable 4,200 Notes payable (current) 26,000 Notes payable (noncurrent) 2,100 Common stock 49,000 Additional paid-in capital 101,000 Retained earnings 4,100 $21,000 3,600 5,300 48,000 10,100 90,900 33,900 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,400 cash. b. Lent $5,600 to a supplier who signed a two-year note. C. Purchased equipment that cost $23,000; paid $5,600 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 $87,000 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 1,400 shares of $0.50 par value common stock for $11,000 cash. f. Borrowed $16,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $1,900 cash. h. Built an addition to the factory for $30,000; paid $8,100 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $3,100. 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) 3,400 Beg. Bal. Beg. Bal. 8,400(a) 5,600 (b) End. Bal. 3,400 End. Bal. 9,000 Accounts Receivable 4,200 Inventory 26,000 Beg. Bal. Beg. Bal. End. Bal. 4,200 End. Bal. 26.000 Notes Receivable (long-term) 2,100 Equipment 49,000 Beg. Bal. Beg. Bal. End. Bal. 2,100 End. Bal. 49,000 Factory Building 101,000 Intangibles 4,100 Beg. Bal. Beg. Bal. End. Bal. 101,000 End. Bal. 4,100 Accounts Payable 21,000 Accrued Liabilities Payable 3,600 Beg. Bal. Beg. Bal. End. Bal. 21,000 End. Bal. 3,600 Notes payable (current) 5,300 Notes payable (noncurrent) 48,000 Beg. Bal. Beg. Bal. End. Bal. 5,300 End. Bal. 48,000 Common Stock 10,100 Additional Paid-in Capital 90,900 Beg. Bal. End. Bal. 10,100 End. Bal. 90,900 Retained Earnings Beg. Bal. 33,900 End. Bal. 0 33,900