Instructions The following information is provided from the Forza Corporation's accounting records. 1. Issued 2,500 shares of $1 par common stock at $23 a share. 2. Issued 7,500 shares of $1 par common stock in exchange for land valued at $65,000. 3. In order to prevent a hostile takeover the company reacquired the 7,500 shares for $20 per share as treasury stock. 4. The hostile takeover did not succeed, and the company reissued 5,500 of the treasury shares of $21 per share 5. The remaining treasury shares were reissued for $22 per share and an additional 2,000 shares were issued at the same price. Required: Prepare the journal entries for the stock transactions, using the cost method assumption to account for the treasury stock