Indigo Corporation issued 398 shares of $10 par value common stock and 120 shares of $50 par value preferred stock for a lump sum of $16,884. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share. Prepare the journal entry to record the issuance. (Round intermediate calculations to 6 decimal places, e.g. 0.546872 and final answers to 0 decimal places, e.g., 1,520. 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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
Cash	enter a debit amount	enter a credit amount
Common Stock	enter a debit amount	enter a credit amount
PIC In Excess of Par - Common Stock	enter a debit amount	enter a credit amount
Preferred Stock	enter a debit amount	enter a credit amount
PIC In Excess of Par - Preferred Stock	enter a debit amount	enter a credit amount