Today, Star Wars Co. issued 10,000 shares of $5 par common stock to Luke Corp. for a patent on a device. Luke had purchased the patent three years ago for $700,000; however, the patent just appraised for $1,000,000. Star Wars Co shares are actively traded on a stock market, and today they are selling for $85 per share. Star Wars journal entry to record this transaction should be:

		Patents 1,000,000 Common stock 50,000 Additional paid-in capital 950,000
		Patents 850,000 Common stock 50,000 Additional paid-in capital 800,000
		Patents 700,000 Common stock 50,000 Additional paid-in capital 650,000
		Patents 850,000 Common stock 800,000 Additional paid-in capital 50,000