Sting Corporation received a check from its underwriters for $72 million. This was for the issue of one million shares of Sting's $1 par stock that the underwriters expect to sell for $72 per share. Which of the entries below correctly records the issue of the shares? 72,000,000 20,000,000 1,000,000 47,000,000 Cash Deferred stock issue revenue Common stock, $1 par Paid-in capital excess of par Cash Stock issue expense Stock contract receivable 72,000,000 20,000,000 52,000,000 72,000,000 Cash Common stock, $1 par 72,000,000 72,000,000 Cash Common stock 1,000,000 71,000,000 Paid-in capital excess of par