Sherldan Corporation had the following transactlons. 1. Sold land (cos$12,400) for $15,400. 2. Issued common stock at par for $20,000. 3. Recorded deprecletion on butldings for $17,400. 4. Paid salarles of $9,400. 5. Issued 1,000 shares of $1 par value common stock for equipment worth $8,000. 6. Sold equlpment icost $11,400, accumulated depreclatlon $7,980} for $1,368. (a) (a) For each transactlon above, prepare the journal entry. (Credit account titles are automotically indented when amount is entered. Do not indent manually.s. or each transaction above, (b) indicate how it would affect the statement of cash flows using the indirect method. (Do not leavi ection.)