IRO HACK NET Exercise 15-06 Mellock Corporation is authorized to issue 54,000 shares of $5 par veconon stock. During 2020. Metlock took part in the following selected transactions 1. Issued 5,100 shares of stock at $49 per share, less costs related to the use of the stock total 55,200, 2. Issued 1,000 shares of stock for land appraised at $54,000. The stock was actively traded on a national stock exchange at approximately $50 per share on the date of busuance. 3. Purchased 540 shares of treasury stock at $40 per share. The treasury shares purchased were issued in 2016 3 537 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 (Credit account titles are automatically indented when amount is entered. Do not in Intry is required, select "No Entry for the account titles and enter for the amounts.) No. Account Titles and Explanation (a) Debit Credit (6) (c)