Sunny, Inc., reported the following on its balance sheet at December 31, 2018: (Click the icon to view the partial balance sheet.) 1. Assume Sunny, Inc., issued all of its stock during 2018 in one transaction. Journalize the company's issuance of the stock for cash. 2. Was Sunny, Inc.'s main source of stockholders' equity paid-in capital or profitable operations? How can you tell? 1. Assume Sunny, Inc., issued all of its stock during 2018 in one transaction. Journalize the company's issuance of the stock for cash. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit 2. Was Sunny Inc.'s main source of stockholders' equity paid-in capital or profitable operations? How can you tell? Sunny Inc.'s main source of stockholders' equity was This is shown by the greater amount of compared to X - Data Table $ 700,000 Common stock, $1.00 par value, 800,000 shares authorized, 700,000 shares issued and outstanding Paid-in capital in excess of par-common Retained earnings 1,400,000 7,000,000