Current Attempt in Progress Linda-Cook Corporation issued 280,000 shares of $20 par value, 5% preferred stock on January 1,2018 , for $6,300,000. In December 2020 , Linda-Cook declared its first dividend of $830,000. (a) Your answer is partially correct. Prepare Linda-Cook's journal entry to record the issuance of the preferred stock. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)