Can I get some help with A and B on question 2 please

2. A company issues 5,600 shares of $1 par common stock with a fair value of $6 per share (based upon a recent sale of 10 shares) for land. The land is recently appraised at $32,000 by independent and competent appraisers.

a. Determine the cost used for recording the land acquired. Cost of land Answer

b. Record the journal entry on the date of the land's acquisition.