Novak Corporation has been authorized to issue 20.000 shares of $100 par value, 10%, preferred stock and 1,149,400 shares of nopar common stock. The corporation assigned a $2.80 stated value to the common stock. At December 31,2022 , the ledger contained the following balances pertaining to stockholders' equity. The preferred stock was issued for land having a fair value of $141,000. All common stockissued was for cash. In November, 1,380 shares of common stockwere purchased for the treasury at a per share cost of $13. In December, 460 shares of treasury stock were sold for $16 per share. No dividends were declared in 2022 (a) Prepare the journal entries for the:(Ust all debit entries before credit entries. Credit account vites are outomatically indented when amount is entered. Do not indent manuallyd) (1) Issuance of preferred stock for land. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash (4) Sale of treasury stock for cash 3. 4. I NOVAK CORPORATION Balance Sheet (Partial)