Prepare the necessary journal entry for each of the following transactions for Starr Corporation (b) Issued 3,000 shares of its $6 par 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. The following items were shown on the balance sheet of Herman Corporation on December 31 2008: Stockholders' Equity Paid-In Capital Capital Stock Common stock, $5 par value, 360,000 shares authorized; shares issued and outstanding $1, 650,000 Additional paid-in capital In excess of par value. 165,000 Total paid-in capital 1, 815,000 Retained Earnings 750,000 Total paid-in capital and retained earnings 2, 565,000 Less: Treasury stock (15,000 shares). (180,000) Total stockholders' equity $2, 385,000 Instructions Complete the following statements and show your computations. (a) The number of shares of common stock issued was____. (b) The number of shares of common stock outstanding was____. (c) The sales price of the common stock when issued was $____. (d) The cost per share of the treasury stock was $____. (e) 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 $____