Assume That a Start-Up Manufacturing Company Raises Capital Through a Series

Assume that a start-up manufacturing company raises capital through a series of equity issues.
Required:
a.Using the financial statement template below,summarize the financial statement effects of the following transactions.
(1)Issues 85,000 shares of $1 par value common stock for $15.00 per share.
(2)Receives land in exchange for 8,500 shares of $1 par common stock when the common stock is trading in the market at $25 per share.The land has no readily determinable market value.
(3)(a)Receives subscriptions for the issue of 28,000 shares of $1 par value common.The share issue price is $15 of which 30 percent is received as a down payment.
(3)(b)Subsequently,the remaining 70 percent is received from the transaction in 3(a).

Journal entry (optional):
b.In each case,how does the company measure the transaction? What measurement
attribute is used?