Question: On march 8 Blossom inc . a publicy traded company. issued 5 7 0 0 preferred shares for cash of $ 3 1 per share.

On march 8 Blossom inc . a publicy traded company. issued 5700 preferred shares for cash of $31 per share. On April 20, when the shares were trading at $35, the company issued an aditional 3600 preferred shares in exchange for land with a fair value of $130500, prepare the journal entry if you were unable to determine the land's fair value on April 20.

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