Headland Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $114,000. (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 $220 each. (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $198 per share. (Round answers to O decimal places, e.g. $1,225. Credit account titles are automatically indented when amount is entered. Do not 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 Debit Credit (a) Cash 114,000 Common Stock 5000 Paid-in Capital in Excess of Par - Common Stock Preferred Stock Paid-in Capital in Excess of Par - Preferred Stock (b) Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par-Preferred Stock (b) Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Preferred Stock NOO Paid-in Capital in Excess of Par-Preferred Stock