s authorized to issue 51,000 shares of $5 par value common stock. During 2017, Whispering took part in the following selected transactions 1. Issued 4,900 shares of stock at $4 2. Issued 1,000 shares of stock for land appraised at $51,000. The stock was a 2 per share, less costs related to the issuance of the stock totaling $5,900. adtively traely 43 per share on the dete of issuance. 3. Purchased 486 shares of treasury stock at $47 per share. The treasury shares purchased were issued in 2013 at $44 per share. (a) Prepare the journal entry to record item 1. (b) Prepare the journal entry to record item 2 (c) Prepare the journal entry to record item 3 using the cost method. (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.) No. Account Titles and Explanation Debit Credit