Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at $32 per share. What is the correct entry to record the stock issuance? a. Debit to Cash, $32,000; Credit to Preferred Stock, $32,000 b. Debit to Cash, $32,000; Credit to Additional Paid-in Capital, $32,000 C. Debit to Cash, $32,000; Credit to Common Stock, $31,990; Credit to Additional Paid-in Capital, $10 d. Debit to Cash, $32,000; Credit to Preferred Stock, $10; Credit to Additional Paid-In Capital-Common Stock, $31,990