Sputnik Corp. has ordinary shares with a P10 par value. A new share of this stock is issued for P13 to an investor. Which of the following is correct? I. The entity will debit ordinary shares for the par value of P10. II. The entity will debit cash for P13 and credit gain on sale of stock for P3 if the purchaser of the stock was already a shareholder and is simply buying additional shares I only Il only Both I and II Neither I nor 11