Teal Corporation is authorized to issue 48,000 shares of $10 par value ordinary shares. During 2022. Teal took part in the following selected transactions 1. 2. Issued 5,200 shares at $47 per share, less costs related to the issuance of the shares totaling $7.400 Issued 1.200 shares for land appraised at $48,000. The shares were actively traded on a national securities exchange at approximately $48 per share on the date of issuance Purchased 460 treasury shares at $43 per share. The treasury shares purchased were issued in 2021 at $39 per share. 3. (a) (b) Prepare the journal entry to record item 1. Prepare the journal entry to record item 2. Prepare the journal entry to record item 3 using the cost method. (c) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for No. Account Titles and Explanation Debit Credit (a) (b) (c)