CPA Printers manufactures printers especially designed to print financial statements. To fund research and development for a new printer, the company has decided to issue equity. The company issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $100,000. Part 1: Prepare the journal entry for the issuance when the market price of the common shares is $165 each and market price of the preferred is $230 each. (Round to nearest dollar.) Part 2: Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $170 per share.