3) On December 2, 2018, Ewell Company purchases a piece of land from the original owner. In payment for the land, Ewell Company issues 8,000 shares of common stock with $1.00 par value. The land has been appraised at a market value of $400,000. Journalize the transaction. 4) Peterson Company issued 4,000 shares of preferred stock for $240,000. The stock has a par value of $60 per share. Journalize the transaction