Wildhorse Co. has been authorized to issue 20,500 shares of $100 par value, 10%, noncumulative preferred stock and 1,072,400 shares of no-par common stock. The corporation assigned a $2.80 stated value to the common stock. At December 31, 2022, the ledger contained the following post-closing balances pertaining to stockholders equity.

Preferred Stock		$100,000
Paid-in Capital in Excess of ParPreferred Stock		45,000
Common Stock		1,072,400
Paid-in Capital in Excess of Stated ValueCommon Stock		1,723,500
Treasury Stock (1,040 common shares)		13,520
Paid-in Capital from Treasury Stock		1,560
Retained Earnings		84,500

All the preferred stock was issued for land having a fair value of $145,000. All common stock issued was for cash. In November, 1,560 shares of common stock were purchased for the treasury at a per share cost of $13. In December, 520 shares of treasury stock were sold for $16 per share. No dividends were declared in 2022.

Prepare the journal entries for the following: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

(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.

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