Following are transactions of Hoosier, Incorporated, a new company, during the month of January:

Issued $10,000$ shares of common stock for $$15,000$ cash.

Purchased land for $$12,000,$ signing a note payable,for the full amount.

Purchased office equipment for $$1,200$ cash.

Received cash of $$14,000$ for services provided to customers during the month.

Purchased $$300$ of office supplies on account.

Paid employees $$10,000$ for their first month's salaries.

How many of these transactions have a net effect of decreasing Hoosier total assets?

Three

Four

Two

One