PartIV. Determine what the journal entry should be and prepare it accordingly (25 points) 1. Issued 2,000 shares of common stock with a stated value of $10 for $130,000. 2. Issued 5,000 shares of $100 par preferred stock at $108 for cash. 3. Issued 5,000 shares of its common stock, par $10, for land advertised for sale at $100,000. Terpsichorp's stock is actively traded at a market price of $13 per share 4. Issued 5,000 shares of its common stock, par value of $5 to attorneys for services d uring in-corporation valued at $56,000 5. A separate group of stocks have been selling @ $20, with no par value, and stated value of Instructions Prepare the journal entries, if applicable, to record the above stock transactions