6 of 6 Current Attempt in Progress Bridgeport Corporation has been authorized to issue 21,000 shares of $100 par value 10%, preferred stock and 993,600 shares of no-par common stock. The corporation assigned a $2.40 stated value to the common stock At December 31, 2022, the ledger contained the following balances pertaining to stockholders' equity Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock $110.000 30,000 993,600 Paid-in Capital in Excess of Stated Value-Common Stock 1,490,400 Treasury Stock (1.200 common shares) Paid-in Capital from Treasury Stock 13,200 1,800 81,000 Type here to search Retained Earnings The preferred stock was issued for land having a fair value of $140,000. All common stock issued was for cash in November, 1,800 shares of common stock were purchased for the treasury at a per share cost of $11. in Decender, 600 shares of treasury stock were sold for $14 per share. No dividends were declared in 2022. 1506 AM 40 Question 6 of 6 < -/1 E Prepare the journal entries for the: (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually) Type here to search 888 Issuance of preferred stock for land. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash (4) Sale of treasury stock for cash. No. Account Titles and Explanation 1. Land Preferred Stock Paid in Capital in Excess of Par-Preferred Stock 2. Cash " F Debit 140000 Credit 110000 30000