mon stock at $15 pe L04, 6 E11-4A. Treasury Stock Inland Corporation issued 30,000 shares of $5 par value common stock share and 8,000 shares of $50 par value, eight percent preferred stock at $85 per share 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 common b. Assume that Inland sold 2,000 shares of the treasury stock at $30 per share. Prepare the seal 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 per share. Pretare the joumal entry to record the sale of this treasury stock