Norton Company issues 4,000 shares of its $5 par value common stock having a fair value of $25 per share and 6,000 shares of its $15 par value preferred stock which doesnt have an established fair value for an equipment with a fair value of $205,000. Please journalize this transaction.

A. Equipment $205,000

Common Stocks $100,000

Preferred Stocks $105,000

B. Equipment $205,000

Common Stocks $105,000

Preferred Stocks $100,000

C. Equipment $205,000

Common Stocks $90,000

APIC-CS $15,000

Preferred Stocks $20,000

APIC-Pfd $80,000

D. Equipment $205,000

Common Stocks $20,000

APIC-CS $80,000

Preferred Stocks $90,000

APIC-Pfd $15,000