Exercise 15-5 Monty Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $106,000. (a) Prepare the journal entry for the issuance when the market price of the common shares is $176 each and market price of the preferred is (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $182 per share. (Round answers to 0 decimal places, e.g. $1,225. Credit account titles are automatically indented when amount is entered. Do no $220 each. indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation (a) Cash Debit Credit 106,000 Paid-in Capital in Excess of Par- Common Stock Common Stock 5000 Paid-in Capital in Excess of Par Preferred Stock Preferred Stock 10000 (b) Cash