Happy Corporation issued 4,000 shares of $10 par common stock and 800 shares of $25 par preferred stock for a lump sum of $175,000 cash. The preferred stock has a fair value of $40 per share and the common stock has a fair value of $24 per share. The journal entry to record the lump sum issuance includes a credit to Paid-in Capital in Excess of Par Preferred for $12,750. a credit to Paid-in Capital in Excess of Par-Common for $91,250. a credit to Paid-in Capital in Excess of Par-Preferred for $20,000. O a credit to Paid-in Capital in Excess of Par-Common for $40,000