rwin Corporation has been authorized to issue 20,000 shares of $100 par value, 10%, noncumulative preferred stock and 1,000,000 shares of no-par common stock. The corporation assigned a $2.5 stated value to the common stock. At December 31, 2015, the ledger contained the following balances pertaining to stockholders equity.

Preferred Stock		$120,000
Paid-in Capital in Excess of ParPreferred Stock		20,000
Common Stock		1,000,000
Paid-in Capital in Excess of Stated ValueCommon Stock		1,800,000
Treasury Stock (1,000 common shares)		11,000
Paid-in Capital from Treasury Stock		1,500
Retained Earnings		82,000

The preferred stock was issued for land having a fair value of $140,000. All common stock issued was for cash. In November, 1,500 shares of common stock were purchased for the treasury at a per share cost of $11. In December, 500 shares of treasury stock were sold for $14 per share. No dividends were declared in 2015.

Prepare the journal entries for the: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

(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.