Violet Corporation issues $1,200$ shares of $$150$ par value preferred stock at a price of $$200$ per share on December $31.$ It attaches a warrant to each share of stock that allows the holder to purchase one share of $$20$ par common stock at $$50$ per share.

Required:

Given that the portion of the proceeds attributable to the preferred stock totals $$230,303$ and the portion attributable to the common stock warrants totals $$9,697,$ what joumal entry would Violet make to allocate the $$240,000($$$2001,200)$ issuance price?