#4. (Stock Issuances & Repurchase) - Overland Corporation is authorized to issue 250,000 shares of $1 par value common stock. During 2020, Overland Corporation took part in the following transactions: 1. Issued 55,000 shares of stock at $76 per share, less costs related to the issuance of stock totaling $27,000. 2. Issued 10,000 shares of stock for land appraised at $815,000. The stock was actively traded on a national stock exchange at approximately $78 per share on the date of issuance. 3. Purchased 6,000 shares of treasury stock at $74 per share. The treasury shares purchased were issued in 2009 at $46 per share. Instructions: (a) Prepare the journal entry to record item #1. Account Debit Date Credit (b) Prepare the journal entry to record item #2. Date Account Debit Credit (e) Prepare the journal entry to record item #3 using the cost method. Date Account Debit Credit