Company: Wells Fargo & Company

Wells Fargo & Company had the following transactions in March 2028:

• Issued 1,220,000 shares of common stock for $1,220 per share.
• Purchased land for $410,000,000, paying $164,000,000 in cash and signing a note for the balance.
• Declared and paid dividends of $47,000,000.

Record the journal entries for these transactions and show how they would affect the cash flow statement.