a company sells 1million shares of common stock with a par value of $0.03 for $15.10 a share. To record the ransaction, the company would: O debit Cash far $30,000, deblt Capital Recelvable for $15,070,000, credit Common Stock for $30,000 and credt Adaional Pald-In Capital for $15,070,000 O debit Cosh for $15.10 milion and credit Common Stock for $15.10 million O debit Cash for $15.10 million, credit Common Stodk for $30,000 and credit Additional Paid-in Captal for O debit Cosh for $30,000 and credit Common Stock for $30.000 $15.070.000 A company issues 113,000 shares of preferred stock for $39 a share. The stock has a fixed annual divdend rate of 8% and a par value of $10 per share. Preferred stockholders can antapte receving a dildend of. O $90.400 each yeer 8% of the market value of the stock at the time the dividend is declared S352.560 each year 0 8% of net income each year