Carla Vista Company is authorized to issue $9800$ shares of $8\%,$$$100$ par value preferred stock and $490000$ shares of no$-$par common stock with a stated value of $$1$ per share. If Carla Vista issues $9800$ shares of common stock to pay its recent attorney's bill of $$49000$ for legal services on a land access dispute, which of the following would be the best journal entry for Carla Vista to record?

Legal Expense

$9800$

Common Stock

$9800$

Legal Expense

$49000$

Common Stock

$9800$

Paid$-$in Capital in Excess of Stated Value $-$ Common

$39200$

Legal Expense

$49000$

Common Stock

$9800$

Paid$-$in Capital in Excess of Par $-$ Common

$39200$

Legal Expense

$49000$

Common Stock

$49000$