Goin Postal, a local shipping company had the following in its equity section as at January 1, 2021. . Preferred shares, $2 cumulative dividend, 30,000 shares issued and outstanding. These shares had a value of $300,000 in the Company's accounts Common shares, 50,000 issued and outstanding; these shares have a value of $750,000 in the Company's accounts. . Contributed surplus of $25,000 from previous repurchase and cancellation of common shares . Contributed surplus of $55,000 from previous repurchase & cancellation of Preferred shares Class A. Transactions during the year are as follows: 1. On February 19, 2021, Goin Postal issued (sold) 5,000 common shares and 10,000 preferred shares for $150,000. The common shares were trading at $12 per share at this What is the amount allocated to common shares for this share issuance? Indicate if it is debit or credit and the amount in the table below. Do not use $, commas, or +/- in your answer. Please do not round intermediary calculations. Round final answer to nearest dollar Account name Debit or credit Amount Common shares