Question 40 (3 points) For items 38, 39 and 40 use the following information. The Golden Rams Corporation is granted a charter that authorizes the issuance of 100,000 shares of $50 par value preferred stock and 300,000 shares of $10 par value common stock. What is the journal entry to record the following transaction? Golden Rams Acquired land and building by issuing 30,000 shares of common stock. The land was recently appraised at $100,000 and the building was appraised at $400,000. O Debit: Land and Building, 500,000; Credit: Common Stock, 300,000 and Paid-in Capital in Excess of Par-Common, 200,000 Debit: Building, 500,000; Credit: Common Stock, 300,000 and Paid-in Capital in Excess of Par-Preferred, 200,000 Debit: Land, 100,000 and Building, 400,000; Credit: Common Stock, 300,000 and Paid-in Capital in Excess of Par-Common, 200,000 Debit: Land, 500,000; Credit: Common Stock, 300,000 and Paid-in Capital in Excess of Par-Preferred, 200,000