On March $8,$ Blossom inc., a publicly traded company, issued $5,700$ preferred shares for cash of $$31$ per share. On April $20,$ when the

shares were trading at $$35,$ the company issued an additional $3,600$ preferred shares in exchange for land with a fair value of

$$130,500.$

$($a$)$

Prepare the journal entries for each transaction. $($List all debit entries before credit entries. Record journal entries in the order presented

in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required,

select $"$No Entry" for the account titles and enter $O$ for the amounts.$)$