Problem 2 (15 points) The following activities occurred during the year. Prepare the journal entries for each activity. (a) The Firm purchased equipment for use in the business at a cost of $21,000; one-third was paid in cash and the company signed a note for the balance (due in five months). (b) The Firm received an additinoal contribution from investors who provided $1,200 in cash and land valued at $15,000 in exchange for 1,200 shares of stock in the company. The par value of the stock is $0.20 per share. (c) The Firm lent $9,000 to one of the investors who signed a note due in seven months. Problem 2 (15 points) (a) Journal entry: Enter account names next to debit (Dr.)/credit (Cr.), and dollar amounts in the table below. Dr. 2$ Cr. Cr. Include here if you want to further explain your work (optional): (b) Journal entry: Enter account names next to debit (Dr.)/credit (Cr.), and dollar amounts in the table below. Dr. 2$ Dr. Cr. Cr. Include here if you want to further explain your work (optional): (c) Journal entry: Enter account names next to debit (Dr.)/credit (Cr.), and dollar amounts in the table below. Dr. $ Cr. Include here if you want to further explain your work (optional):