Green Corporation is authorized to issue 120,000 common shares and 80,000, $4 preferred shares. At Jan 1, 2019, the company’s shareholders' equity included the below:

24,000 common shares valued at $192,000

7,000 preferred shares valued at $77,000

Retained earnings was $54,000

During 2019 the net profit earned by Green Corp. was $23,000. The company did not issue any dividends during 2019. Also during 2019, the company issued the below:

On Apr 4, 2019 - 9,000 common shares for $10 each

On Jun 10, 2019 - 4,000 preferred shares for $16 each and

On Aug 7, 2019 - 11,000 common shares for land valued at $121,000.

1. Prepare the journal entries to record the above share issues. 
2. Prepare the shareholders equity part of the balance sheet in Dec 31, 2019.