Novak Inc. issued 5,300 of its common shares common shares for $4.20 each. The company incurred $3,500 in costs associated with issuing the common shares. Prepare the journal entry to record the issuance of the common shares. (Credit account titles are automatically indented when the 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.)