Cullumber Corporation issues $74000$ shares of $$50$ par value preferred stock for cash at $$65$ per share. The entry to record the transaction will consist of a debit to Cash for $$4810000$ and a credit or credits to

Paid$-$in Capital from Preferred Stock for $$4810000.$

Preferred Stock for $$4810000.$

Preferred Stock for $$3700000$ and Retained Earnings for $$1110000.$

Preferred Stock for $$3700000$ and Paid$-$in Capital in Excess of Par$-$Preferred Stock for $$1110000.$