Wells Fargo & Company had the following transactions in December 2024:

• Issued 120,000 shares of common stock for $190 per share.
• Purchased land for $3,500,000, paying $1,400,000 in cash and signing a note for the balance.
• Declared and paid dividends of $1,100,000.

Record the journal entries for these transactions and show how they would affect the cash flow statement.