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 41,000 shares at $9 share. Jun. 10 Issued 100,000 shares in exchange for land with a clearly determined value of $840,000. Purchased 8,000 shares of treasury stock at $9 per share. Aug. 3 A. Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Jan. 31 Cash 369,000 Common Stock Additional Paid-in Capital from Common Stock Jun. 10 Land Common Stock Additional Paid-in Capital from Common Stock Aug. 3 Treasury Stock Cash Feedback B. Calculate how many shares of stock are outstanding at August 3. Feedback B. Calculate how many shares of stock are outstanding at August 3. shares