A company issued 10,000 shares of its $5 par value common stock having a fair value of $25 per share and 15,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $530,000. Prepare the journal entry, in T-account format, using the T-account template provided at the end of this project to recognize the issuance of the above stock.