Martinez Corporation is authorized to issue 54,000 shares of $5 par value common stock. During 2020 , Martinez took part in the following selected transactions. 1. Issued 5,100 shares of stock at $49 per share, less costs related to the issuance of the stock totaling $8,200. 2. Issued 1,000 shares of stock for land appraised at $54,000. The stock was actively traded on a national stock exchange at approximately $50 per share on the date of issuance. 3. Purchased 540 shares of treasury stock at $40 per share. The treasury shares purchased were issued in 2016 at $37 per share. (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