Received $$40,000$ cash from the company's founders$$in exchange for common stock.

Purchased land for $$12,000,$ signing a two$-$year note $($ignore interest$).$

Bought two used delivery trucks at the start of the year at a cost of $$10,000$ each; paid $$2,000$ cash and signed a note due in three years for $$18,000($ignore interest$).$

Paid $$2,000$ cash to a truck repair shop for a new motor, which increased the cost of one of the trucks.

Stockholder Ruby Lee paid $$300,000$ cash for a house for personal use.