Pina Company obtained land by issuing 2,280 shares of its $12 par value ordinary shares. The land was recently appraised at $85,000. The ordinary shares are actively traded at $42 per share. Prepare the journal entry to record the acquisition of the land. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)