A Corporation had the following transaction in January: TRANSACTIONS Stock Par Value Stock Market Value Shares Issued Issued Preferred Stock for Land $10.00 $100.00 1,000 Land on Balance Land AppraisedSeller's Value $110,000 Sheet $75,000 "Which of the following is (are) true about these transaction? Select only correct statements, incorrect answers are penalized." "Credit Preferred Stock for $10,000." "Credit Preferred Stock for $100,000" "Debit Land For $100,000 "Debit Land for $110,000. "Credit APIC, Preferred Stock for $100,000. "Credit APIC, Preferred Stock for $65,000 Debit Land for $75,000" "Credit APIC, Preferred Stock for $90,000."