On 1 December a company issues preference shares and ordinary shares for cash in the ratio of 4:6. The preference shares are priced at $7 while the ordinary shares are priced at $3. The company had 5 000 000 shares outstanding on 29 November and 6 500 000 shares outstanding on 2 December. Of the following, which should appear in the journal entry? O Dr Cash $7 000 000 O Dr Cash $1 500 000 O Cr Preference shares $4 200 000 O Cr Ordinary shares $2 800 000