The following is o news item reported by Reuters: WASHINGTON Jan 29 (Reuters-Knowlton Medical Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to sell 2 million shares of common stock. In a filing with the U.S. Securities and Exchange Commission, it said it plans to use the proceeds from the offering for general corporate purposes, working capital, research and development, and acquisitions. After the sole there will be about 30.5 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC filing. Knowiton shares closed at $18.10 on Nasdaq. The common stock of Knowiton Medical Group has a par of $0.02 per share. Required: Prepare the journal entry to record the sale of the shares assuming the price existing when the announcement was made and ignoring share issue costs. (If no entry Is required for a transaction/event, select "No Journal entry requi red" In the first account field. Enter your answers In whole dollars.) VMew trancaotion lict Journal entry worksheet Record the issuance of the new stock Nate: Enter debits before credits Event Deblt Credit General Journal 1 View general Journal Rooord entry Clear entry