Prepare the issuers journal entry for each separate transaction. (a) On March 1, Atlantic Co. issues 42,500 shares of $4 par value common stock for $297,500 cash. (b) On April 1, OP Co. issues no-par value common stock for $70,000 cash. (c) On April 6, MPG issues 2,000 shares of $25 par value common stock for $45,000 of inventory, $145,000 of machinery, and acceptance of a $94,000 note payable.