1. XYX Co. issued 4,000 shares of $10 par value Common Stock with a market value of $45 per share and 2,000 shares of $5 par value Preferred Stock with a market value of $30 per share-all for a lump-sum of $190,000. Prepare a journal entry to allocate proceeds of the stock issue between Common Stock and Preferred Stock. 2. XYZ Co. exchanged 2,000 shares of Stock for Land. XYZ stock has a par value of $10 per share, but the market value of the stock is unclear - [XYZ is a privately held corporation). The market value of the Land is $85,000. Prepare a journal entry for the transaction