Irwin Corporation has been authorized to issue 20,900 shares of $100 par value, 10%, noncumulative preferred stock and 1.219.581 shares of no-ar common stock. The corporation assigned a $2.91 stated value to the common stock. At December 31, 2015, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock $129,000 Pald-in Capital in Excess of Par-Preferred Stock 13,000 Common Stock 1,219,581 Pald-in Capital in Excess of Stated Value-Common Stock 1,787,300 Treasury Stock (1,000 common shares) 14,000 Pald-in Capital from Treasury Stock Retained Earnings 83,100 500 The preferred stock was issued for land having a fair value of $142,000. All common stock issued was for cash. In November, 1,500 shares of common stock were purchased for the treasury at a per share cost of $14. In December, 500 shares of treasury stock were sold for $15 per share. No dividends were declared in 2015. (a) (a) Prepare the journal entries for the: (Credit account titles are automatically indented when amoi select "No entry" for the account titles and enter o for the amounts.) (1) Issuance of preferred stock for land. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash. (4) Sale of treasury stock for cash. No. Account Titles and Explanation Debit Credit