Swifty Corporation has been authorized to issue 20,500 shares of $100 par value, 10%, noncumulative preferred stock and 1,078,000 shares of no-par common stock. The corporation assigned a $2.80 stated value to the common stock. At December 31 . 2022, the ledger contained the following post-closing balances pertaining to stockholders' equity. All preferred stock was issued for land having a fair value of $143,500. All common stock issued was for cash. In November, 1,440 shares of common stock were purchased for the treasury at a per share cost of $13. In December, 480 shares of treasury stock were sold for $16 per share. No dividends were declared in 2022. (1) Issuance of preferred stock for land. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash