34. Assume that a corporation is authorized to issue 10,000 shares of $100 par preferred stork s entry and 100,000 shares of $20 par common stock. The corporation issued 5,000 shares of preferred stock and S0,000 shares of common stock at par for cash. The corporation's ent to record the stock issue is which of the following: A. Preferred stock Common stock 1,000,000 2,000,000 B. Debit ,500,000 Preferred Stock Common stock 500,000 1,000,000 35. Assume that Caldwell Company issues 2,000 shares of $50 par preferred stock for cash at $S5. The corporation's entry to record the stock issue is which of the following: A. Debit 110,000 Preferred stock 100,000 Paid-In Capital in Excess of Par- Preferred Stock 10,000 B. Debit 110, Preferred Stock 110,000 Use the following information for the questions 36,37 and 38: Assume that on October 1, Hiber Corporation declares the following cash dividends with a date of record of November 10 and a date of payment of December 2 DividendTotal per Share Dividends Preferred stock 5100 pat 5,000 shares Common stock $10par, 100,000 shares outstanding 2.50 $12.500 30,000 $42.500 $0.30