A company issues 1 million shares of preferred stock with a par value of $2 and a market price of $26 per share. The issuance should be recorded as:

	A.) a debit to Cash of $26 million and a credit to Preferred Stock of $26 million.
B.)	a debit to Cash of $2 million and a credit to Preferred Stock of $2 million.
C.)	a debit to Cash of $26 million, a credit to Additional Paid-in Capital of $2 million, and a credit to Preferred Stock of $24 million.
	D.) a debit to Cash of $26 million, a credit to Preferred Stock of $2 million, and a credit to Additional Paid-in Capital of $24 million.