Prepare the necessary journal entry for each of the following transactions for Starr Corporation. Issued 3,000 shares of its $6 value common stock for $16 per Share. Issued 5,000 shares of its stock for land advertised for sale at $90,000. Starr's stock is actively traded at a market price of $15 per share. Ex. 158 The following items were shown on the balance sheet of Herman Corporation on December 31, 2008: Instructions Complete the following statements and show your computations. The number of shares of common stock issued was __________. The number of shares of common stock outstanding was __________. The sales price of the common stock when issued was $ _________. The cost per share of the treasury stock was $ _________. The average issue price of the common stock was $ ________________. Assuming that 25% of the treasury stock is sold at $20 per share, the balance in the Treasury Stock account would be $ __________