Nike issues 10,000 shares of $50 par preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $750,000 and a credit or credits to Preferred Stock for $750,000 Preferred Stock for $500,000 and Paid-In Capital in Excess of Par- Preferred Stock for $250,000 Paid-In Capital from Preferred Stock for $750,000 O Preferred Stock for $500,000 and Retained Earnings for $250,000