Required information [The following information applies to the questions displayed below.] The following was in the financial press pertaining to Florence Incorporated: Florence Incorporated stock was sold for $35 per share during its opening day of trading. Florence Incorporated sold 50 million shares at its IPO. Pequired: 1. Record the issuance of stock, assuming the stock was no-par value common stock. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers n millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet Record the issuance of stock, assuming the stock was no-par value common stock. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below.] The following was in the financial press pertaining to Florence Incorporated: Florence Incorporated stock was sold for $35 per share during its opening day of trading. Florence Incorporated sold 50 million shares at its IPO. Record the issuance of stock, assuming the common stock had a par value of $1 per share. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers n millions (i.e., 5,000,000 should be entered as 5). Journal entry worksheet Record the issuance of stock, assuming the common stock had a par value of $1 per share. Note: Enter debits before credits