Bright Solar Limited Company specializes in developing, manufacturing, and selling high-quality solar energy harnessing machines, specifically Solar Water Pumps. On April 13, 2018, The Company entered the capital market with it's IPO. The plan is to sell 4 million equity shares for $26 to $36 each. Required: 1. Assuming the shares are issued at the midpoint of the price range indicated, how much capital did the IPO raise for Bright Solar Limited Company before any underwriting discount and offering expenses? 2. If the par amount is $.50 per share, what journal entry did Dolby use to record the sale