December 2: Porier received $ 38, 000 cash and issued common stock to the stockholders.December 3: Purchased? supplies, $ 400?, and? equipment,$ 2,600?, on account.December 4: Performed services for a client and received? cash, $ 1,500.December ?7: Paid cash to acquire? land, $ 30, 000.December ?11: Performed services for a customer and billed the? customer, $ 800. Porier expects to collect within one month.December 16: Paid for the equipment purchased December 3 on account.December ?17: Paid the telephone? bill, $ 180.December 18: Received partial payment from customer on? account, $ 400. (same as December 11th).December 22: Paid the water and electricity? bills, $ 200.December 29: Received $ 1,500 cash for servicing the heating unit of a customer.December31: Paid employee? salary, $ 2, 400.31: Declared and paid dividends of $ 2, 200.Requirements:1.Record each transaction in the journal. Key each transaction by date. Explanations are not required.2.Post the transactions to the? T-accounts, using transaction dates as posting references.3.Prepare the trial balance of Porier Heating and Air? Conditioning, Inc., at December31 of the current year.4.The manager asks you how much in total resources the business has to work? with, how much it? owes, and whetherDecember was profitable? (and by how? much).