n 2014, Leppard Inc. issued 1,180 shares of $11 par value common stock for land worth $56,600. (a) Prepare Leppards journal entry to record the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (b) Indicate the effect the transaction has on cash. (c) Indicate how the transaction is reported on the statement of cash flows.