Current Attempt in Progress Grouper Corporation is authorized to issue 49,000 shares of $5 par value commonstock. During 2020 , Grouper took part in the following selected transactions. 1. Issued 4,900 shares of stock at $42 per share, less costs related to the issuance of the stock totaling $7.400. 2. Issued 1,200 shares of stock for land appraised at \$49.000. The stock was actively traded on a national stock exchange at approximately $43 per share on the date of issuance. 3. Purchased $20 shares of treasury stock at $42 per share. The treasury shares purchased were issued in 2016 at $39 per share. (a) Prepare the journal entry to record item 1. (b) Prepare the journal entry to record item 2. (c) Prepare the journal entry to record item 3 using the cost method. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts) the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit (a) Cash Comenan Stock Paidan Capital in Excess of Par - Common Stock. (b) Land CommanStock (c) Treasurystock Cash tbook and Media