Irwin Corporation has been authorized to issue 21,000 shares of $100 par value, 10%, preferred stock and 1,128,400 shares of no-par common stock. The corporation assigned a $2.80 stated value to the common stock. At December 31, 2017, the ledger contained the following balances pertaining to stockholders' equity.

Preferred Stock$130,000 Paid-in Capital in Excess of Par-Preferred Stock 14,000 Common Stock 1,128,400 Paid-in Capital in Excess of Stated Value-Common Stock 1,692,600 Treasury Stock (700 common shares) 8,400 Paid-in Capital from Treasury Stock 1,050 Retained Earnings 82,000

The preferred stock was issued for land having a fair value of $144,000. All common stock issued was for cash. In November, 1,050 shares of common stock were purchased for the treasury at a per share cost of $12. In December, 350 shares of treasury stock were sold for $15 per share. No dividends were declared in 2017.

(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.