BrambleCorporation is authorized to issue49,000shares of $5par value common stock. During 2020,Brambletook part in the following selected transactions.

1.Issued4,900shares of stock at $45per share, less costs related to the issuance of the stock totaling $9,000.

2.Issued1,100shares of stock for land appraised at $49,000. The stock was actively traded on a national stock exchange at approximately $46per share on the date of issuance.

3.Purchased510shares of treasury stock at $44per share. The treasury shares purchased were issued in 2016 at $41per share.

(a)Prepare the journal entry to record item 1.

(b)Prepare the journal entry to record item 2.

(c)Prepare the journal entry to record item 3 using the cost method.