Required information [The following information applies to the questions displayed below.] Northwest Gas and Electric Company is a giant public utility operating in northem and central California whose annual revenues exceed $17 billion. It reported the following December 31 simplified balances in its statement of stockholders' equity (dollars in millions): Current Year Prior Year Common stock Paid-in capital Retained earnings $1,335 8,515 $1,330 8,057 9,616 8,720 During the current year, Northwest Gas and Electric reported net income of $1,717. 2. Assume that the only other transaction that affected stockholders' equity during the current year was a single stock issuance for cash. Recreate the journal entry reflecting the stock issuance (in millions). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) ipped View transaction list Book Print GELOON HOR. Like your diswers in minions (ie., 10,000,000 should be entered as 10).) Journal entry worksheet 1 Record the entry for stock issuance. ferences Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal