Culver Corporation is authorized to issue $250,000$ shares of $$1$ par value common stock. During $2025,$ Culver Corporation took part

the following selected transactions:

Issued $51,000$ shares of stock at $$73$ per share, less costs related to the issuance of the stock totaling $$27,600.$

Issued $11,000$ shares of stock for land appraised at $$863,500.$ The stock was actively traded on a national stock exchange at

$$75$ per share on the date of issuance.

Purchased $6,200$ shares of treasury stock at $$71$ per share. The treasury shares purchased were issued in $2014$ at $$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.

$($Credit account titles are automatically indented when the 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. List all debit entries before credit entries.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$($a$)$

$($b$)$