Whispering Corporation is authorized to issue 45,000 shares of $5 par value common stock. During 2025, Whispering took part in the following selected transactions.

a. Issued 4,500 shares of stock at $48 per share, less costs related to the issuance of the stock totaling $6,300.
b. Issued 1,100 shares of stock for land appraised at $45,000. The stock was actively traded on a national stock exchange at approximately $49 per share on the date of issuance.
c. Purchased 530 shares of treasury stock at $46 per share. The treasury shares purchased were issued in 2021 at $43 per share.
d. Retired the treasury shares purchased in part (c).