1. On October 15, 2015, Gage, a publicly traded company, issued 500,000 of its $0.01 par value common stock in exchange for a building. As of October 15, 2015, Gage estimated one share of its company stock was worth $14.75. As of October 15, 2015, a consensus of real estate agents determined the buildings fair value was $7,350,000. Prepare the entry Gage should make on October 15, 2015.