Sunland Corporation is authorized to issue 54,000 shares of $5 par value common stock. During 2020 , Sunland took part in the following selected transactions. 1. Issued 5,100 shares of stock at $49 per share, less costs related to the issuance of the stock totaling $8,200. 2. Issued 1,000 shares of stock for land appraised at $54,000. The stock was actively traded on a national stock exchange at approximately $50 per share on the date of issuance. 3. Purchased 540 shares of treasury stock at $40 per share. The treasury shares purchased were issued in 2016 at $37 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.)