Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and Santana plans to expand her business. She believes that an additional $94,000 is needed and is investigating three funding sources. a. Santana's sister Cicely is willing to invest $94,000 in the business as a common shareholder. Because Santana currently has about $141,000 invested in the business, Cicely's investment will mean that Santana will maintain about 60% ownership and Cicely will have 40% ownership of Business Solutions. b. Santana's uncle Marcello is willing to invest $94,000 in the business as a preferred shareholder. Marcello would purchase 940 shares of $100 par value, 8% preferred stock. c. Santana's banker is willing to lend her $94,000 on a 8%,10-year note payable. She would make monthly payments of $1,140 for 10 years. Required: 1. Prepare the journal entry to reflect the initial $94,000 investment under each of the options a,b, and c. Required: 1. Prepare the joutnal entry to reflect the initial $94,000 investment under each of the options a, b, and c. 1 Record the issue of common stock of $94,000 cash. 2 Record the issue of preferred stock of $94,000 cash. 3 Record the issue of a note for $94,000 loan from the bank