On July 1, 2018, Chen Company issued for $9.450,000 a total of 90,000 shares of $100 par value, 7% noncumulative preferred stock along with one detachable warrant for each share issued. Each warrant contains a right to purchase one share of Chen $10 par value common stock for $15 per share. The stock without the warrants would normally sell for $9,225,000. The market price of the rights on July 1, 2018, was $2.50 per right. On October 31, 2018, when the market price of the common stock was $19 per share and the market value of the rights was $3.00 per right, 36,000 rights were exercised. As a result of the exercise of the 36,000 rights and the issuance of the related common stock, what journal entry would Chen make? O Cash 540,000 Paid-in Capital-Stock Warrants ...225,000 Common Stock 360,000 Paid-in Capital in Excess of Par--Common Stock 405,000 O Cash 540,000 Common Stock 360,000 Paid-in Capital in Excess of Par-Common Stock 180,000 O Cash 540,000 Paid-in Capital-Stock Warrants 90,000 Common Stock 360,000 Paid-in Capital in Excess of Par-Common Stock 270,000