Just need help finding acquisition of land by issuing preferred stock.

Outdoor Adventure Company's comparative balance sheet and additional data are shown below.

Prepare the statement of cash flows for the year ended December 31, 2019, using the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.)

JUST NEED HELP WITH ACQUISITION OF LAND BY ISSUING PREFERRED STOCK!

THANK YOU!

Outdoor Adventure Company Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 11,180 1,946,210 $ 32,000 1,100 0 5,700 1,100 0 100 200 0 Assets Current Assets: Cash Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent Property, Plant, and Equipment: Land Building Canoes Office Furniture and Equipment Accumulated DepreciationPP&E Total Assets 1,800 90,000 262,000 630,000 1,112,000 12,000 90,000 (25,860) 12,000 (1,200) 3,798,650 $ 381,680 Liabilities $ 4,750 6,670 $ 440 240 430 330 1,100 0 Current Liabilities: Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable Unearned Revenue Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable Total Liabilities 3,200 22,000 270 700 120 400 4,800 0 4,800 665,000 1,500,000 (1,800) 0 0 2,201,710 11,740 0 0 Stockholders' Equity Paid-In Capital: Preferred Stock Paid-In Capital in Excess of Par-Preferred Common Stock Paid-In Capital in Excess of ParCommon Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 300,000 240,000 667,000 60,000 329,940 367,000 0 2,940 1,596,940 369,940 $ 3,798,650 $ 381,680 1. The income statement for 2019 included the following items: a. Net income, $444,000 b. Depreciation expense for the year, $24,660. c. Amortization on the bonds payable, $360. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $1,500,000, receiving cash of $1,497,840. 4. The company distributed 9,000 shares of common stock in a stock dividend when the market value was $8.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Cash Flows From Investing Activities: Cash Payment for Acquisition of Plant Assets (940,000) (940,000) 288,000 22,000 665,000 1,497,840 (45,000) Net Cash Provided by (Used for) Investing Activities Cash Flows From Financing Activities: Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Notes Payable Cash Receipt from Issuance of Mortgage Payable Cash Receipt from Issuance of Bonds Payable Cash Payment of Dividends Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, Dec. 31, 2018 Cash Balance, Dec. 31, 2019 Non-cash Investing and Financing Activities: Acquisition of land by issuing preferred stock 2,427,840 1,935,030 11,180 $ 1,946,210