As an auditor for the CPA firm of Agler and Carl, you encounter the following situations in auditing different clients.

1. Desi Corporation is a closely held corporation whose stock is not publicly traded. On December 5, the corporation acquired land by issuing 3,984 shares of its $21 par value common stock. The owners' asking price for the land was $122,170, and the fair market value of the land was $111,140.
2. Lucille Corporation is a publicly held corporation whose common stock is traded on the securities markets. On June 1, it acquired land by issuing 18,760 shares of its $13 par value stock. At the time of the exchange, the land was advertised for sale at $247,910. The stock was selling at $14 per share.

Prepare the journal entries for each of the situations above.