Mojor Sports plans to raise $5,000,000 in an initial public offering of its common stock. The company is considering three options: a. Issue 100,000 shares of $1 par value common stock for $50 per share. b. Issue 500,000 shares of $1 par value common stock for $10 per share. c. Issue 1,000,000 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 Journal Entry Required" in the first account field.)