Blue Corp. issues 750 shares of $2 par value common stock and 280 shares of $100 par value preferred stock for a lump sum of $ 135,100.

Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $ 130 per share. (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 0 for the amounts.)