Fair Corporation issues 7,500 preferred shares for $25 per share.

The entry to record the transaction will consist of a debit to Cash for $187,500 and a credit or credits to

a) Preferred Shares for $187,500.

b) Investment in Preferred Shares for $187,500.

c) Preferred Shares for $100,000 and Share Capital for $87,500.

d) Preferred Shares for $100,000 and Retained Earnings for $87,500.