he following events occurred for johnson company: received investment of cash by organizers and distributed to them 1,120 shares of $1 par value common stock with a market price of $40 per share. leased $8,500 of equipment, paying $1,200 in cash and signing a long-term right-of-use lease for the rest owed. borrowed $9,000 cash from a bank. loaned $1,000 to an employee who signed a note due in six months. purchased $21,000 of land; paid $8,000 in cash and signed a note for the balance. required: