On July 1, 2021, Marigold Corp. issued for $9450000 a total of 90000 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 Marigold $10 par value common stock for $15 per share. The stock without the warrants would normally sell for $9225000. The market price of the rights on July 1, 2021, was $2.50 per right. On October 31, 2021, when the market price of the common stock was $20 per share and the market value of the rights was $3.00 per right, 36000 rights were exercised. As a result of the exercise of the 36000 rights and the issuance of the related common stock, what journal entry would Marigold make? 540000 225000 O Cash Paid-in Capital - Stock Warrants Common Stock Paid-in Capital in Excess of Par 360000 405000 540000 O Cash Common Stock Paid-in Capital in Excess of Par 360000 180000 540000 135000 O Cash Paid-in Capital-Stock Warrants Common Stock Paid-in Capital in Excess of Par 360000 315000 cu PA On July 1, 2021, Marigold Corp. issued for $9450000 a total of 90000 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 Marigold $10 par value common stock for $15 per share. The stock without the warrants would normally sell for $9225000. The market price of the rights on July 1, 2021, was $2.50 per right. On October 31, 2021, when the market price of the common stock was $20 per share and the market value of the rights was $3.00 per right, 36000 rights were exercised. As a result of the exercise of the 36000 rights and the issuance of the related common stock, what journal entry would Marigold make? 540000 225000 O Cash Paid-in Capital - Stock Warrants Common Stock Paid-in Capital in Excess of Par 360000 405000 540000 O Cash Common Stock Paid-in Capital in Excess of Par 360000 180000 540000 135000 O Cash Paid-in Capital-Stock Warrants Common Stock Paid-in Capital in Excess of Par 360000 315000 cu PA