On October 1, 2013 Chuck Norris Inc. sold 15,000 shares of $30 par preferred stock for $35. The stock has a rate of 5%. the journal entry to record this sale would include a

A. debit to APIC-Preferred Stock for $75,000

B. credit to preferred stock for $25,000

C. credit to stockholders equity for $300,000

D. credit to APIC-Preferred Stock for $75,000

E. None of the above

Please help me!

Thank You!