New Wave Architecture is a new chain of clothing stores. New Wave issues $1,000$ shares of its $$1$ par value common stock at $$25$ per share.

Determine the financial statement effects of the issuance of the stock. How would the financial statement effects differ if New Wave issued no$-$par value stock? Required $1$: Determine the financial statement effects of the issuance of the stock $($Create a balance sheet$).$ Required $2$: How would the financial statments effects differ if gothis issues no$-$par value stock $($Create a balance sheet$)$