Jaguar Plastics Company has been operating for three years. At December 31 of last year, the accounting records reflected the following: Cash $23,000 Accounts payable $17,000
Investments (short-term) 3,500 Accrued liabilities payable 2,300
Accounts receivable 4,800 Notes payable (current) 7,300
Inventory 27,000 Notes payable (noncurrent) 49,000
Notes receivable (long-term) 2,700 Common stock 9,300
Equipment 43,000 Additional paid-in capital 83,700
Factory building 100,000 Retained earnings 38,400
Intangibles 3,000

During the current year, the company had the following summarized activities:

a. Purchased short-term investments for $8,000 cash.
b. Lent $6,300 to a supplier who signed a two-year note.
c. Purchased equipment that cost $27,000; paid $5,100 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 at a set price based on company performance. The new president begins her position on January 1 of next year.
e. Issued an additional 2.400 shares of $0.50 par value common stock for $13,000 cash.
f. Borrowed $14,000 cash from a local bank, payable in three months.
g. Purchased a patent (an intangible asset) for $2,300 cash.
h. Built an addition to the factory for $29,000; paid $9,000 in cash and signed a three-year note for the balance.
i. Returned defective equipment to the manufacturer, receiving a cash refund of $3,200.

Required:
Prepare a classified balance sheet at December 31 of the current year.