*Problem 13-6A Irwin Corporation has been authorized to issue 20,500 shares of $100 par value, 10%, preferred stock and 969,800 shares of no-par common stock. The corporation assigned a $2.60 stated value to the common stock. At December 31, 2017, the ledger contained the following balances pertaining to stockholders' equity $110,000 Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock 31,000 Common Stock 969,800 Paid-in Capital in Excess of Stated Value-Common Stock 3,506,200 Treasury Stock (1,020 common shares 11,220 Paid-in Capital from Treasury Stock 1,530 80,500 Retained Earnings The preferred stock was issued for land having a fair value of $141,000. All common stock issued was for cash. In November, 1,530 shares of common stock were purchased for the treasury at a per share cost of $11. In December, 510 shares of treasury stock were sold for $14 per share. No dividends were declared in 2017 Prepare the journal entries for the: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) Issuance of preferred stock for land (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash (4) Sale of treasury stock for cash No. Account Titles and Explanation Debit Credit