1 pts Question 11 Dillon Corporation issues 50,000 shares of $50 par value preferred stock for cash at $60 per share. The entry to record the transaction will consist of a debit to Cash for $3,000,000 and a credit or credits to Preferred Stock for $2.500,000 and Retained Earnings for $500,000 Preferred Stock for $2,500,000 and Pald-in Capital In Excess of Par Value-Preferred Stock for $500,000. Pald-in Capital from Preferred Stock for $3,000,000, Pald-in Capital from Preferred Stock for $3,000,000