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Pina Company obtained land by issuing 3,160 shares of its $20 par value common stock. The land was recently appraised at $162,610. The common stock

Pina Company obtained land by issuing 3,160 shares of its $20 par value common stock. The land was recently appraised at $162,610. The common stock is actively traded at $50 per share. Prepare the journal entry to record the acquisition of the land

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