The preferred stock was issued for land having a fair value of $$140,000.$ All common stock issued was for cash. In November $1,100$ shares of common stock were purchased for the treasury at a per share cost of $$11.$ In December, $400$ shares of treskuary stock wer sold for $$14$ per share. No dividends were declared in $2027.$ A$.$ Prepare the journal for the $1.$ Issuance of preferred stock for land. $2.$ Issuance of common stock for cash. $3.$ Purchase of common treasury stock for cash. $4.$ Sale of treasury stock for cash.