Company provides you with the following information regarding transactions that occurred in 20X1: 1. Issued 4,000 shares of $5 par value common stock for $70,000 cash. 2. Issued 10,000 shares of $5 par value common stock in exchange for Land and a Building. The Land is valued at $80,000 and Building at $120,000. 3. Issued 2,000 shares of $75 par value preferred stock for $150,000 cash. Prepare the journal entries to record each transaction