Chapter 18 - Homework Gel Help Submit Check my work 2 The following is a news item reported by Reuters WASHINGTON, Jan 29 (Reuters)-Crossfire Medical Group, a maker of reconstructive implants for knees and ups, on Tuesday filed to sell 4 million shares of common stock cool Print fen In a filing with the U.S. Securities and Exchange Commission it said it plans to use the proceeds from the offering for general corporate purposes, working capital, research and development and acquisitions After the sale there will be about 36.5 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC filing Wright shares closed at $1765 on Nascaq. The common stock of Crossfire Medical Group has a por of $0.03 pet share Required: Prepare the journal entry to record the sale of the shares assuming the price existing when the announcement was made and ignoring share issue costs (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in whole dollars.) View transaction is