(Solved): Required information Prepare a classified balance sheet at December 31 of the current year. [The fo ...

Required information Prepare a classified balance sheet at December 31 of the current year. [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: During the current year, the company had the following summarized activities: a. Purchased short-term investments for

cash. b. Lent

to a supplier, who signed a two-year note. c. Leased equipment that cost

; paid

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

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

par value common stock for

cash. f. Borrowed

cash from a local bank, payable in three months. Purchased a patent (an intangible asset) for

cash. h. Built an addition to the factory for

; paid

in cash and signed a tryee-year note for the balance. i. Returned defective equipment to the manufacturer, receiving a cash refund of

.