You have been assigned to the examination of the capital stock of \(A\) Company. As a result of your review of changes in the account for the year, you have identified the following transactions:

1. Cancellation of treasury stock.

2. Issuance of a 5 percent stock dividend.

3. Issuance of capital stock in exchange for land wanted as a site for possible future expansion.

4. Issuance of ten shares of \(\$ 25\) par common stock having a market price of \(\$ 125\) per share in exchange for a \(\$ 1,000\) convertible bond.

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State the audit procedures you would use to gather evidence in support of the propriety of the above transactions.