U 3640,000 O $705,000 16. Dailey Company is a publicly held corporation whose $1 par value ordinary shares are actively traded at $22 per share. The company issued 2,000 shares to acquire land recently advertised at $55,000. When recording this transaction, Dailey Company will (3 Points) debit Land for $55,000 credit Share Capital-Ordinary for $44.000 credit Share Premium-Ordinary for $42,000 credit Land for 544,000 Submit