IBM Corporation had the following transactions in May 2029:

• Issued 1,600,000 shares of common stock for $1,500 per share.
• Purchased land for $550,852,000, paying $220,000,000 in cash and signing a note for the balance.
• Declared and paid dividends of $61,000,000.

Record the journal entries for these transactions and show how they would affect the cash flow statement.