15. (3 points) As of 01-01-16, Mallory Corporation is authorized to issue an additional 500,000 shares of its $1 par value common stock. During 2016, Mallory entered into the following transactions:

Issued 125,000 shares of common stock at $32 per share, less $125,000 of stock issuance costs.

Issued 10,000 shares of common stock for land appraised at $225,000. Mallorys stock is actively traded on a national stock exchange and on the date of the stock/land exchange, one share of Mallorys stock traded at $23.50.

Purchased 1,000 shares of treasury stock at $30 per share. This was Mallorys first treasury stock purchase. Mallory uses the cost method to account for treasury stock transactions.

Prepare the entries Mallory should make for these 3 transactions.