Olsson Corporation received a check from its underwriters for $75 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $75 per share. Which is the correct entry to record the issue of the stock? Multiple Choice 75,000,000 Cash Stock issue expense Stock contract receivable 19,000,000 56,000,000 75,000,000 Cash Common stock 75,000,000 Cash Common stock Paid-in capital-excess of par 75,000,000 5,000,000 70,000,000 75,000,000 Cash Deferred stock issue revenue Common stock Paid-in capital-excess of par 19,000,000 5,000,000 51,000,000