lorio's Cookies (IC) makes little sandwich cookies that are really good crushed up in ice cream. Questions 1 and 2 pertain to IC. 1. (24 points) Journalize the following transactions from IC's perspective: a. On January 1, IC issues $25,000 worth of stock for cash. b. On Jan 1, IC purchases a $12,000 oven with cash. The oven is expected to last for six years and will have no value at the end of its life. c. On Jan 1, 1C pays $3,000 for insurance coverage from Jan 1 to June 30. d. On Jan 6, IC purchases $4,000 worth of inventory on account e. On Jan 30, IC collects $400 from a customer for a large order that I will deliver the following week. f. On Jan 31, perform the required Ale for transaction (c.) 2. (6 points) Create and complete IC's ledger for the Cash account only. Circle the number that will go on the Trial Balance. Assume the beginning balance is 0