Whispering Inc issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $115,000 (a) Prepare the journal entry for the issuance when the market price of the common shares is $172 each and market price of the preferred is $215 each Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $200 per share. (b) (Round answers to decimal places. es. $1.225. Credit account titles are automatically indented when amount is entered. Do not indent manually . If no entry is required, select "No Entry for the account titles and enter for the amounts.)