Marin Corp., a private company, obtained land by issuing 2,060 of its common shares. The land was appraised at $89,200 by a reliable, independent valuator on the date of acquisition. Last year, Marin sold 1,800 common shares at $40 per share. (a) Prepare the journal entry to record the land acquisition if Marin elects to prepare financial statements in accordance with IFRS. (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.)