Shamrock Corp., a private company, obtained land by issuing 2,010 of its common shares. The land was appraised at $80,800 by a reliable, independent valuator on the date of acquisition. Last year, Shamrock sold 1,700 common shares at $41 per share. (a) Prepare the journal entry to record the land acquisition if Shamrock elects to prepare financial statements in accordance with IFRS. (Credit account titles are automatically indented when the 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.) Account Titles and Explanation Debit Credit Land Common Shares