Mary-Cook Corporation issued 200,000 shares of $20 par value, 5% preferred stock on January 1, 2018, for $4,500,000. In December 2020, Mary-Cook declared its first dividend of $800,000. (a) Your answer is correct. Prepare Mary-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.) Account Titles and Explanation Cash Debit 4500000 Credit (b) Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock eTextbook and Media List of Accounts * Your answer is incorrect. (b1) How much is the company's total paid-in capital after the issuance? Total Paid-in Capital $ (b2) 4450000 4000000 500000 Attempts: 1 of 5 used If the preferred stock had been no-par stock, how much would the company's total paid-in capital be after the issuance? Total Paid-in Capital $ 2000000