Aug. 7. Issued 22,500 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $105,000, $575,000, and $130,000, respectively. For a compound transaction, if an amount box does not require an entry, leave it blank. AI Sept. 20. Issued 38,000 shares of preferred stock at $75 for cash. For a compound transaction, if an amount box does not require an entry, leave it blank