A corporation issues 25,000 shares of $50 par value preferred stock for cash at $125 per share. The entry to record the transaction will include a O credit to Preferred Stock for $2,000,000 and a credit to Paid-in Capital in Excess of Par Value for $1,125,000. O credit to Preferred Stock for $1,875,000 and a credit to Retained Earnings for $1,250,000. credit to Preferred Stock for $3,125,000. credit to Retained Earnings for $3,125,000. O credit to Preferred Stock for $1,250,000 and a credit to Paid-in Capital in Excess of Par Value for $1,875,000