Merck & Co., Inc. had the following transactions in January 2027:

• Issued 940,000 shares of common stock for $940 per share.
• Purchased land for $270,000,000, paying $108,000,000 in cash and signing a note for the balance.
• Declared and paid dividends of $33,000,000.

Record the journal entries for these transactions and show how they would affect the cash flow statement.