Lee Delivery Company was organized at the beginning of 2020. The following transactions occurred during 2020 (the company's first year of operations): a. Received $47,000 cash from the organizers in exchange for shares in the new company. b. Purchased land for $17,400 and signed a one-year note (at a 6 percent annual interest rate). c. Bought two used delivery trucks for operating purposes at the start of the year at a cost of $12,800 each; paid $6,400 cash and signed a promissory note for the balance, payable over the next three years (at an annual interest rate of 7 percent). d. Sold one-fourth of the land for $4,350 to Birkins Moving, which promised to pay in six months. e. Paid $3,400 cash to a truck repair shop for a new motor for one of the trucks. (Hint: Increase the account you used to record the purchase of the trucks since the usefulness of the truck has been improved.) t. Traded the other truck and $7,400 cash for a new one. The old truck's fair value is $12,800. g. Shareholder Jonah Lee paid $28,900 cash for a vacant lot (land) for his personal use. h. Collected the amount of the note due from Birkins Moving in (d). i Paid one-third of the principal of the note due for the delivery trucks in (c). Required: 1. Post the above transactions into the appropriate T-accounts, beginning balances is $0 for all accounts