A company issues 1 million shares of preferred stock with a par value of 2 at its market price of 26 per share. The issuance should be recorded with a debit with a debit to cash for: 2 million and a credit to preferred stock for 2 million. 26 million, a credit to preferred stock for 2 million, and a credit to additional paid-in capital for 24 million 26 million, a credit to additional paid-in capital for 2 million, and a credit to preferred stock for 24 million 26 million and a credit to preferred stock for 26 million