Flounder Corporation has been authorized to iswe 21.000 shares of $100 par value, 10k. preferred stoek and 1.023 .300 shares af nopar common stock. The corporation assigned a $2.70 stated value to the common stock At December 31, 2022, the iedger cantained the following balances pertaining to stockholders equity. The preferred stock was issued for land having a fair value of $141,500. All common stock asued was for cash. In November, 1,470 shares of common stock were purchased tor the treasury at a per share cost of $12. in Decembet, 4.0 shares af treasury stock were sold tor $15 per share. No dividends were declared in 2022. Prepare the journal entries for the: (List all debit entries before credit entries. Credit account tities are outomatically indented when amount is entered. Do not indent manually) (1) Issuance of preferred stock for land. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash. (4) Sale of treasury stock for cash