On February 1, 2021, the Xilon Corporation issued 41,000 shares of its no-par common stock in exchange for five acres of land located in the city of Monrovia. On the date of the acquisition, Xilon's common stock had a fair value of $16 per share. An office building was constructed on the site by an independent contractor. The building was completed on November 2 , 2021 , at a cost of $6,200,000. Xilon paid $4,100,000 in cash and the remainder was paid by the city of Monrovia. lequired: Assuming that Xilon prepares its financial statements according to U.S. GAAP, prepare the journal entries to record the acquisition of he land and the building. (If no entry is required for a transaction/event, select "No journal entry required" in the first account ield.) Journal entry worksheet Record the acquisition of land in exchange for common stock. Note: Enter debits before credits