Larkspur Corporation is authorized to issue 250,000 shares of $1 par value common stock. During 2025, Larkspur Corporation took part in the following selected transactions: 1. Issued 57,000 shares of stock at $74 per share, less costs related to the issuance of the stock totaling $25,600. 2 3. Issued 10,000 shares of stock for land appraised at $795,000. The stock was actively traded on a national stock exchange at $76 per share on the date of issuance. Purchased 5,800 shares of treasury stock at $72 per share. The treasury shares purchased were issued in 2014 at $42 per share. 320 (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 the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) No. Account Titles and Explanation (a) Cash Paid-in Capital in Excess of Par-Common Stock Common Stock (b) Land Common Stock Paid-in Capital in Excess of Par-Common Stock (c) Treasury Stock Cash Debit Credit 795000 57000 10000