To expand operations, Aragon Consulting issued 1,400 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share. 1-a. Complete the table below, indicating the account, amount, and direction of the effect for the stock issuance. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity Cash 70.000 Common Stock 1,400 68,600 1-b. Prepare the journal entry for the stock issuance. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 1 Cash 70,000 1,400 Common Stock Additional Paid-in Capital, Common Stock 68,600