Headland Corporation is authorized to issue 50,000 shares of $5 par value common stock. During 2017, Headland took part in the following selected transactions.

1.		Issued 4,600 shares of stock at $48 per share, less costs related to the issuance of the stock totaling $6,500.
2.		Issued 1,000 shares of stock for land appraised at $50,000. The stock was actively traded on a national stock exchange at approximately $49 per share on the date of issuance.
3.		Purchased 540 shares of treasury stock at $43 per share. The treasury shares purchased were issued in 2013 at $40 per share.

(a)		Prepare the journal entry to record item 1.
(b)		Prepare the journal entry to record item 2.
(c)		Prepare the journal entry to record item 3 using the cost method