Major Sports plans to rase $5,850,000 in an intial public offoring of its common stock. The company is considering mree options: a. Issue 117,000 shares of $1 par value common stock for $50 per shate. 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 common stock for each option. (If no entry is required for a particular transaction/event, select "No Jeurnal Entry Required" in the first account field.) Journal entry worksheet 3 Istue 117,000 shares of $1 par value common stock for $50 per share. Notei Enter dabitu belore credes