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 $19,000 Accounts payable 3,800 Accrued liabilities payable 3,600 Notes payable (current) 24,000 Notes payable (noncurrent) 1,300 Common stock 45,000 Additional paid-in capital 97,000 Retained earnings 3,900 $21,000 3,200 6,700 47,000 9,100 81,900 28,700 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,600 cash. b. Lent $5,200 to a supplier who signed a two-year note. c. Purchased equipment that cost $22,000; paid $4,200 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 $80,000 per year plus options to purchase company stock a set price based on company performance. The new president begins her position on January 1 of next year. e. Issued an additional 2,100 shares of $0.50 par value common stock for $17,000 cash. f. Borrowed $15,000 cash from a local bank, payable in three months. g. Purchased a patent (an intangible asset) for $2,500 cash. h. Built an addition to the factory for $28,000; paid $8,300 in cash and signed a three-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of $2,900. 3 4 5 6 7 8 9 Purchased short-term investments for $8,600 cash. Note: Enter debits before credits. Date General Journal Debit Credit 8,600 December 31 Short-term investments 8,600 Use the drop-downs below to select the accounts that should be properly included on the balance sheet. JAGUAR PLASTICS COMPANY Balance Sheet December 31 Assets Liabilities Current assets: Current liabilities: Non-current assets: Total liabilities Stockholders' Equity Total assets 0 Total liabilities and stockholders' equity