Early in 2020, Sporty corporation issued 150,000 common shares ($ 1 par value). During the year, a 10% stock dividends was declared and distributed to shareholders. After that, the company purchased 10,000 of these shares as Treasury stock. At year end, a stock split of 1:2 was approved and implemented by the company. The number of issued shares at year end is............ NOTE: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $10,000, write it as 10000) - Answer: Active Corporation is authorized to issue 2,000,000 shares of $1 par value common stock, and 200,000 shares of 10%, $ 10 par value preferred Stock. During 2019, the company has the following stock transactions. Entry 1 Issued 620,000 common shares of stock at $2 cash per share. Entry 2 Issued 25,000 preferred shares to purchase a land advertised for sale at $ 320,000. On this day, the preferred stock had a market price of $ 12 per share. Entry 3 Purchased 60,000 of its common shares from the market for the treasury, when the market price per common share was $ 3. Entry 4 Sold 20,000 shares of its treasury stock for $ 5 per share. Question: In entry 2, Land will be debited for............... NOTE: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $10,000, write it as 10000)