A company issued 70 shares of $30 par value preferred stock for $4,000 cash. The journal entry to record the issuance is: Debit Preferred Stock $2, 100; debit Investment in Preferred Stock $1.900; credit Cash $4.000. Debit Cash $4,000; credit Paid-in capital in Excess of Par value, Preferred Stock $1.900, credit Preferred Stock $2, 100. Debit Investment in Preferred Stock $2, 100: credit Cash $2, 100. Debit Cash $2, 100: credit Preferred Stock $2, 100. Debit Cash $4,000: credit Preferred Stock $4,000