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Exercise 11-11A Issuing stock for assets other than cash LO 11-4 Tom Yupoyo wealthy Investor, exchanged a plot of and the originally cost him $47,980 for 1.260 shares of $10 per common stock ssues to him by Leug Corp. On the same date. Leuig Corp. ssued an additional 2.520 shares of stock to Yuppy for $38 per share Required a. What was the value of the land at the date of the stock Issue: Value of the land b. Show the effect of the two stock issues on Leuia's books in a horizontal statements model in the Cash Flow column, Ingleste whether the items an operating activity OA, Investing activity Alor financing activity (FA. Use NA to the cate that an element was not affected by the event Balance Sheet = Bookholders' Equity Land PICH income statement - Expense - Net Income Revenue Ascats - Cash Flow Event Cash 1 - Exchange of land for shares 2-is of additional shares event, select "No journal entry c. Prepare the journal entries to record these tractions. If no entry is required for at required in the first account field.) Journal entry worksheet Record the entry for exchange of land with common stock. rolunu debit borcedes, General Journal Event Debit | Credit Chewatery