Blossom Company obtained land by issuing 2,250 shares of its $10 par value common stock. The land was recently appraised at $103,240. The common stock is actively traded at $44 per share. Prepare the journal entry to record the acquisition of the land. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Land Debit 99,000 Credit Paid-in Capital in Excess of Par - Common Stock Common Stock 22.500 76,500