First Corporation had the following transactions. 1. Paid salaries of $14,000. 2. Issued 1,000 shares of $1 par value common stock for equipment worth $16,000. 3. Sold equipment (cost $10,000, accumulated depreciation $6,000) for $3,000. 4. Sold land (cost $12,000) for $16,000. For each transaction above, prepare the journal entry.