J$.$K$.$ Builders was incorporated on July $1.$ The following are the company's transactions for the month of July.a$.$ Received $$74\mathrm{.}000$ cash invested by owners and issued common stock.b$.$ Bought an unused field from a local farmer by paying $$64,000$ cash. As a construction site for smaller projects, it is estimated to be worth $$69,000$ to J$.$K$.$ Builders.c$.$ A lumber supplier delivered lumber supplies to J$.$K$.$ Builders for future use. The lumber supplies would have normally sold for $$14,000,$ but the supplier gave J$.$K$.$ Builders a $10$ percent discount. J$.$K$.$ Builders has not yet received the $$12,600$ bill from the supplier.d$.$ Borrowed $$29,000$ from the bank with a plan to use the funds to build a small workshop in August. The loan must be repaid in two years.e$.$ One of the owners sold $$14,000$ worth of his common stock to another shareholder for $$15,000.$Required:Prepare journal entries for the above transactions from the first month of business. $($If no entry Is required