All City Realty, Inc. issued 12,000 shares of $10 stated value common stock for $18 per share. The joumal entry to record this transaction includes a credit to O A. Paid - In Capital in Excess of Stated Common for $120.000 B. Paid - In Capital in Excess of Stated Common for $96.000 O C. Common Stock - $10 Stated Value for $96,000 D. Common Stock for $216.000 27 Next Question Which of the following is included in the entry to record the issuance of 7,000 shares of $6 par value common stock at $14 per share for cash? A. Paid - In Capital in Excess of ParCommon is debited for $56,000. OB. Common Stock is debited for $42,000. OC. Cash is debited for $98,000. O D. Common Stock is credited for $98,000. Valley, Inc. has 14,000 shares of preferred stock outstanding. The preferred stock has a $200.00 par value, a 5% dividend rate, and is noncumulative. If Valley has sufficient funds pay dividends, what is the total amount of dividends that will be paid out to preferred stockholders? A. $560.000 B. $28,000 C. $140,000 D. $200,000