Based on the following information, prepare journal entries for Windgate Corporation.

Mar. 7	Issued 10,000 shares of $5 par common stock for $53,000 cash.
16	Issued 6,000 shares of $5 par common stock for $33,000 cash.
23	Issued 4,000 shares of $12 par, 7% preferred stock for $53,000 cash.
29	Issued 5,000 shares of $4 par common stock for land with a fair market value of $28,000.