Part 1: Record the following transactions for Country Architects and Construction Inc. for the month of December in the General Journal that had not yet been recorded in December Transaction Date Description Country Architects and Construction Inc. issued an additional 10,000 shares of common stock for $30.00 per share. Prior to the issue of the additional common 12/1 stock shares the corporation has 50,000 shares authorized, 30,000 issued and 0,000 outstanding common stock shares. The par value of the common stock is $1.00 per share Purchased a track of land for 80,000. In addition to the purchase price, the following expenditures were made: real estate commission, $5,000; title insurance, $1,000; property taxes, $2,000 (of which $1,000 pertained to back 12/ taxes); demolished fence on property, $1,200; sold reclaimed fence posts for S200, fined $100 for failure to secure permit for fence removal, paved a parking lot for $8,000, installed lighting over parking lot $4,000. The estimated life of the improvements is ten years with zero residual value. All of the transactions were paid or received in cash Purchased a piece of mapping equipment for $35,000 on a note payable with an annual interest rate of 9% that matures in one year with the payment to be made on the maturity date. In addition to the purchase price, the company makes the following cash expenditures: freight, $2,500, installation, S500, testing, $1,000 maintenance for the month of December $200. The estimated life of the equipment is 5 years with $3,000 residual value 12/1