GrouperCompany obtained land by issuing2,270shares of its $19par value common stock. The land was recently appraised at $115,230. The common stock is actively traded at $49per share.

Prepare the journal entry to record the acquisition of the land.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)