Escalante Company issued 20,000 shares of 7%, $50 par preferred stock. Associated with each share of stock was a detachable common stock warrant. Each warrant entitles the holder to purchase one share of the company's $1 par common stock for $20 per share. Each unit (one share of preferred stock and one warrant) was issued for $55. It is estimated that each warrant could have been issued for $3 if issued alone, and the preferred stock could have been issued for $52 if issued alone. Which ONE of the following should be included in the journal entry necessary to record the issuance of the preferred stock-warrant units? DEBIT Common Stock Warrants for $100,000 CREDIT Paid-In Capital in Excess of Par, Preferred for $100,000 CREDIT Paid-In Capital in Excess of Par, Preferred for $40,000 DEBIT Common Stock Warrants for $60,000