During the year $2024,$ the following summarized transactions were completed:$$

a Purchased equipment that cost $$19,000$; paid $$6,500$ cash and signed a one$-$year note for the balance.

b Issued $2,500$ additional shares for $$15,000$ cash.

c Lent $$7,500$ to a manager, who signed a two$-$year note.

d Purchased short$-$term investments for $$9,500$ in cash.

e Paid $$5,500$ on the note in transaction$($a$).$

f Borrowed $$12,500$ cash on December $31,2024,$ from the bank and signed a note, payable June $30,2025.$

g Purchased a patent $($an intangible asset$)$ for $$3,500$ cash.

h Built an addition to the factory for $$26,500$; paid $$9,500$ in cash and signed a three$-$year note for the balance.

i Hired a new president at the end of the year. The contract was for $$87,500$ per year plus options to purchase company shares at a set price based on company performance.

j Returned defective equipment to the manufacturer, receiving a cash refund of $$1,500.$