Cullumber Corporation is authorized to issue 45,000 shares of $5 par value common stock. During 2017, Cullumber took part in the following selected transactions. Issued 4, 700 shares of stock at $46 per share, less costs related to the issuance of the stock totaling $6, 800. Issued 1, 200 shares of stock for land appraised at $45,000. The stock was actively traded on a national stock exchange at approximately $47 per share on the date of issuance. Purchased 500 shares of treasury stock at $45 per share. The treasury shares purchased were issued in 2013 at $42 per share. Prepare the journal entry to record item 1. Prepare the journal entry to record item 2. Prepare the journal entry to record item 3 using the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)