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Tamarisk Company obtained land by issuing $3,360$ shares of its $$14$ par value common stock. The land was recently appraised at $$152,020.$ The common stock is actively traded at $$44$ per share.

Prepare the journal entry to record the acquisition of the land. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$

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