In 2017, Pharoah Inc. issued 1,200 shares of $10 par value common stock for land worth $41,000. Prepare Pharoah's journal entry to record the transaction. (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 o for the amounts.) Indicate the effect the transaction has on cash. Indicate how the transaction is reported on the statement of cash flows