Brief Exercise 15-04 Your answer is partially correct. Try again. Grouper Corporation issued 370 shares of $10 par value common stock and 126 shares of $50 par value preferred stock for a lump sum of $18,000. The common stock has a market price of $20 per share, and the preferred stock has a market price of $100 per share. Prepare the journal entry to record the issuance. (Round intermediate calculations to 6 decimal places, e.g. 0.546872 and final answers to 0 decimal places, e.g., 1,520. 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 0 for the amounts.) Account Titles and Explanation Debit Credit Cash 18,500 Common Stock 3,700 X Paid-in Capital in Exces 4,730 X Preferred Stock 4,200 > X Paid-in Capital in Exces 5,670 LINK TO TEXT