Q1 Q2 Q3 The transactions listed below apply to Lambert Company for its first year in business Assume that all transactions involve the receipt or payment of cash. Transactions for the year 2020: 1) Issued common stock to investors for $25.000 cash 2) The company took a loan from the bank $40,000 3) Purchased furniture, by paying $2.000 4) Paid Operational expenses amounting to $2,400 5) Paid Salary to the staff $2,000 6) Provided Services and received $25,000 7) Repaid $5,000 of the loan isted nitom 2 8) Purchased land by paying cash $25,000 9) Dividend paid $2.000 10) Interest on bank loan paid $150 You are required to prepare journal, ledger, trial balance, income statement and balance sheet