Peterson Company issued 4,000 shares of preferred Mock for $240,000. The stock has a par journal entry to record this transaction would: credit Cash $240,000. debit Common stock $4.000. and debit Paid-in capital $236.000. debit Cash $240,000. credit Common stock $4,000. and credit Paid-in capital $236,000. credit Cash $240,000 and debit Preferred stock $240,000. debit Cash $240,000 and credit Preferred stock $240,000. Occidental Produce Company has 40.000 shares of common Mock outstanding and 2.000 share of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $0.01 par value; the preferred stock is 4% non-cumulative, with $100 par value, on October 15, 2014, the company declares a total dividend payment of $40,000. What is the total amount be paid to the common shareholders $40,000 $32,000 $400 $4,500