xxxx is a corporation with 100,000 chares of $1 par value common stock authorized and outstanding. It also has 2500 shares of 8% cumulative preferred stock with a par value of $100 authorized and outstanding. A perpetual inventory system is utilized.

Here is the entry I need help making: Issued 10,000 new shares of common stock in exchange for a piece of land. The stock was selling on the market at an average price of $10 per share on January 7th. The lands appraised value was $99,000 at the end of 2009.

However on January 1, the common stock split 2 for 1.

I tried these three ways and they were wrong

1.
Dr. Land 100,000
Cr. Common Stock 100,000

2.
Dr. Land 99,000
Cr. Common Stock 99,000

3.
Dr. Land 100,000
Cr. Common Stock 99,000
Cr. CC In Excess of Par: Common Stock 1,000

... Any help would be GREATLY appreciated.