Crane corporation is authorized to issue 250,000 shaes of $1 par value common stock. During 2025, crane corporation took part in the following selected transactions

Crane Corporation is authorized to issue 250,000 shares of $1 par value common stock. During 2025 , Crane Corporation took par the following selected transactions: 1. Issued 52,000 shares of stock at $75 per share, less costs related to the issuance of the stock totaling $26,100. 2. Issued 11,000 shares of stock for land appraised at $885,500. The stock was actively traded on a national stock exchange a $77 per share on the date of issuance. 3. Purchased 5,700 shares of treasury stock at $73 per share. The treasury shares purchased were issued in 2014 at $50 per 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. No. Account Titles and Explanation (a) (b) (c) Debit Credit Credit