COD X CIO Apr 19 at 5:08pm z Instructions Question 22 14 pts Stock Issuance Finney Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2016, its first year of operation, the company has the following stock transactions Jan. 1 Paid the state $3,000 for incorporation fees. Jan. 15 Issued 400,000 shares of stock at $8 per share. Jan. 30 A construction contractor for the company accepted 400 shares of common stock as payment for contracting work. The work involved converting an empty warehouse leased by company into office space. The construction work is estimated to have a value of $5,000. July Issued 100,000 shares of stock for land. The land had an asking price of $950,000, however it was appraised in 2009 at a value of $800,000. The stock is currently selling on a national exchange at $9 per share. Sept. 5 Purchased 15,000 shares of common stock for the treasury at $10 per share. Dec. 6 Sold 11,000 shares of the treasury stock at 512 per share. 2 Instructions Journalize the transactions for Finney Corporation Edit View Insert Format Tools Table 13Parach | BI U AL TUDY OD