Item18 Item Skipped Item 18 A company plans to raise $5,850,000 in an initial public offering of its common stock. The company is considering three options: a. Issue 117,000 shares of $1 par value common stock for $50 per share. b. Issue 585,000 shares of $1 par value common stock for $10 per share. c. Issue 1,170,000 shares of $1 par value common stock for $5 per share. Required: Record the issuance of