Concord Company has 3700 shares of 5%, 5100 par non-cumulative preferred stock outstanding at December 31, 2021. No dividends have been paid on this stock for 2020 or 2021 Dividends in arrears at December 31, 2021 50 $18500 $37000 $1850 Coronado Corporation issues 11000 shares of $50 par value preferred stock for cash at 575 per share. The entry to record the transaction will consist of a debit to Cash for 5825000 and a credit or credits to Preferred Stock for $275000 and Paid-in Capital from Preferred Stock for $550000 Preferred Stock for $550000 and Paid in Capital in Excess of Par-Preferred Stock for $275000 Preferred Stock for $825000 Paid-in Capital from Preferred Stock for $825000