Fortuna Company is authorized to issue 1,000,000 shares of $1 par value common stock. In its first year, the company has the following transactions: Jan. 31 Issued 43,000 shares at $9 per share. Jun. 10 Issued 140,000 shares in exchange for land with a clearly determined value of $850,000. Aug. 3 Purchased 12,000 shares of treasury stock at $10 per share. A. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. B. Calculate how many shares of stock are outstanding at August 3 . shares