Multiple Choice Question 110 Nash's Troding Post, LLC issues 50000 shares of $50 par velue preferred stock for cash at $55 per share. The entry to record the transaction wil consist of a debit to Cash for $2750000 and a credit or credits to Paid-in Capital from Prefered Stock for $275000o. Preferred Stock for $2500000 and Retained Earnings for 250000. Preferred Stock for $2900000 and Paid-in Capital in Excess of Par Valuc- Preferred Stock for $250000 Preferred Stock for $2750000 Earmings for $25 Click if you would like to Show Work for this question: Open Show Work By accessing this Qucstion Assistance, you will Iean whilc you carn points based on the Point Potential Policy set by your instructor. Pblicy set Question Attempts: 0 of 1 used SAVE FOR LATER SUDMIT ANSWER Earn Maximum Points available only if you answer this question correctly in your first attempt