mon stock a $15 $85 per share. Later, the LO4, 6 d. Is a journal entry require 1010011 E11-4A. Treasury Stock Inland Corporation issued 30,000 shares of $5 par value common share and 8.000 shares of $50 par value, eight percent preferred stock at $85 per company purchased 3,000 shares of its own common stock at $20 per share. a. Prepare the journal entries to record the share issuances and the purchase of the b. Assume that Inland sold 2,000 shares of the treasury stock at $30 per share. Prena journal entry to record the sale of this treasury stock. c. Assume that Inland sold the remaining 1,000 shares of treasury stock at $18 perch the journal entry to record the sale of this treasury stock. hase of the common shots ware. Prepare the generi at $18 per share. Prepur