Ortiz's stockholders contributed $250,000 in cash in exchangefor their common stock.2. On July 1, Ortiz signed a 1-year lease on a warehouse, paying$60,000 cash in advance for occupancy of 12 mont All these occurred in July 1. Ortiz's stockholders contributed \( \$ 250,000 \) in cash in exchange for their common stock. 2. On July 1 , Ortiz signed a 1-year lease on a warehouse, paying \( \$ 60,0 1 answer