Retro Company is authorized to issue 10,000 shares of 8%, $100 par value preferred stock and 500,000 shares of no-par common stock with a stated value of $1 per share.If Retro issues 10,000 shares of common stock to pay its recent attorney's bill of $50,000 for legal services on a land access dispute, which of the following would be the best journal entry for Retro to record? 
Definitions:
Principled Level
A stage of moral reasoning based on ethical principles and values.
Conventional Level
A stage in moral development where individuals' behavior is influenced by conforming to societal expectations and rules.
Principled Level
A basis of reasoning or behavior based on established principles or ethical standards.
Moral Development
The process through which individuals evolve in their understanding of right and wrong, influencing their behavior and decision-making.
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