As an auditor for the form of Gratis and Goode, you encounter the following situations in auditing different clients. 1. Martinez SpA is a closely held corporation whose stock are not publicly traded on December 5, the corporation acquired land by issuing 4.000 20 par value ordinary shares. The owners asking price for the land was 125.000, and the fair value of the land was 118.000 Marigold A/S is a publicly held corporation whose ordinary shares are traded on the securities markets. On June 1, it acquired land by issuing 19,000 8 par value ordinary shares. At the time of the exchange, the land was advertised for sale at C269,000 The shares were selling at 9 per share. 2. Prepare the journal entries for each of the situations above. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually) Credit