Marigold Corporation has been authorized to issue 21,000 shares of $100 par value, 10%, preferred stock and 1,020,000 shares of no-par common stock. The corporation assigned a $2.50 stated value to the common stock. At December 31,2022 , the ledger contained the following balances pertaining to stockholders' equity. The preferred stock was issued for land having a fair value of $140,000. All common stockissued was for cash. In November, 1,650 shares of common stock were purchased for the treasury at a per share cost of $11. In December, 550 shares of treasury stock were sold for $14 per share. No dividends were declared in 2022 The preferred stock was issued for land having a fair value of $140,000. All common stock issued was for cash. In November, 1,650 shares of common stock were purchased for the treasury at a per share cost of $11. In December, 550 shares of treasury stock were sold for $14 per share. No dividends were declared in 2022. (a) Prepare the journal entries for the: (List all debit entries before credit entries, Credit occount tities are outomatically indented when amount is entered. Do not indent manually) (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 1. Land Preferred Stock 2. 3