A company Issues 1.02 millon shares of preferred stock with a par value of $3.00 at its market price of $2700 per share. The Issuance should be recorded with a deblt to Cash for: $24.48 million, a credit to Additional Pald-In Capital for $3.06 million, and a credit to Preferred Stock for $27.54 million O $27.54 million and a credit to Preferred Stock for $27.54 million. $27.54 million, a credit to Preferred Stock for $3.06 million, and a credit to Additional Paid-in Capital for $24.48 mllion O $3.06 million and a credit to Preferred Stock for $3.06 million