Pinky Company issued 2,000 shares of its $5 par value common stock in payment for its purchase of land worth $70,000. Pirkollentuna O Land for $40,000. The bill does not need to be recorded because no cash payment was involved. Land for $10,000 Common Stock for $10,000 1.67 points ush Corp. purchased 20.000 shares of its own $2 par common stock at a cost of $13 per share on April 30,2021 (treasury stock. The entry to record the purchase easury shares would include a credit to Cash in the amount of $260,000 Common Stock in the amount of $40,000 Common Stock in the amount of $260,000. Treasury Stock in the amount of $260,000