P-1. Business activities for the Hartman Company for December 2021 are presented below. Hartman 1. Issued common stocks for $4,000,000 in cash. 2. Purchased land at $450,000 in cash. 3. Purchased equipment at $150,000, for which $70,000 was paid in cash and the remainder on credit. 4. Purchased supplies for $2,000 in cash. 5. Paid off what Hartman owes for the purchase of the equipment in the transaction 3. 6. Paid wages to employees for $25,000 in cash. 7. Hired an administrative assistant at an annual salary of $54,000. 8. Purchased inventory at $2000,000, for which $110,000 was paid in cash and the remainder on credit. 9. Paid off what Hartman owes for the purchase of inventory in transaction '8'. 10. Sold inventory costing $60,000 for $100,000 on credit. 11. Received the full payment for the transaction '10' in cash. 12. Paid dividends to stockholders of $5,000. Instructions: prepare any necessary journal entries for each activity above and identify each activity by number. You may omit journal explanations.