Prepare the issuer's journal entry for each separate transaction.
(a) On March 1, Atlantic Co. issues 42,500 shares of $4 par value common stock for $297,500 cash.
(b) On April 1, OP Co. issues no par value common stock for $ 70,000 cash.
(c) On April 6, MPG issues 2,000 shares of $ 25 par value common stock for $ 45,000 of inventory, $ 145,000 of machinery, and acceptance of an $ 94,000 note payable.