Sol Corporation is authorized to issue 1,000,000 ordinary shares with $5 par value. During 2019, its first year of operation, the company has the following share transactions. Jan. 1 Issued 300,000 ordinary shares at $8 per share. July 2 Issued 10,000 shares in exchange for land. The land owner advertised the sale of land on the newspaper with an asking price of $100,000. The stock is currently traded on a national stock exchange at $9 per share. Sept. 5 Purchased 10,000 shares for the treasury at $10 per share. Dec. 6 Sold 5,000 treasury shares at $12 per share. Dec. 15 Declared cash dividends of $1 per share (Record Date: Dec 20, Payment Date: Dec 31) Dec. 28 Sold 5,000 treasury shares at $7 per share Dec. 31 Dividends were paid Instructions Journalize all the transactions for Sol Corporation in 2019.