Corporation issues 9,800 shares of $45 par preferred stock for cash at $62 per share. The entry to journalize the transaction will consist of a debit to Cash for $607,600 and a credit or credits to

a. Preferred Stock for $441,000 and Paid-In Capital in Excess of ParPreferred Stock for $166,600

b. Paid-In Capital from Preferred Stock for $607,600

c. Preferred Stock for $441,000 and Retained Earnings for $166,600

d. Preferred Stock for $607,600