Kathleen Battle Corporation was organized on January 1, 2017. It is authorized to issue 500,000 shares of par value ordinary shares of $1 per share. On 1 April 2017, the corporation issued 24,000 shares of ordinary shares in exchange for a piece of land. The fair market value of the land was $80,000. Required Prepare the journal entry at the date of the Shares issuance on 1 April 2017