The following events occurred for Johnson Company: a. Received investment of $39,000 cash by organizers and distributed 1,050 shares of $1 par value common stock to them. b. Purchased $8,000 of equipment, paying $1,900 in cash and signing a note for the rest. c. Borrowed $9,000 cash from a bank. d. Loaned $1,300 to an employee who signed a note. e. Purchased $24,889 of land; paid $6,000 in cash and signed a mortgage note for the balance.