Tom Yuppy, a wealthy investor, exchanged a plot of land that originally cost him $49,920 for 1,280 shares of $10 par common stock Issued to him by Leuig Corporation On the same date, Leuig Corporation issued an additional 2,560 shares of stock to Yuppy for $39 per share. Required a. What was the value of the land at the date of the stock issue? b. Show the effect of the two stock issues on Leuig's books in a horizontal statements model. c. Prepare the journal entries to record these transactions. Complete this question by entering your answers in the tabs below. What was the value of the land at the date of the stock issue? Show the effect of the two stock Issues on Leulg's books in a horizontal statements model. (In the Statement of Cash Flows column, indicate whe (FA). Leave blank to indicate that an element was not affected by the event.) (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity Journal entry worksheet Record the entry for exchange of land with common stock. Note: Enter debits before credits. Journal entry worksheet Record the entry for additional issue of shares. Note: Enter debits before credits