Question 20 of 33 -71 III View Policies Current Attempt in Progress Tamarisk, Inc. issues 64000 shares of $50 par value preferred stock for cash at $65 per share. The entry to record the transaction will consist of a debit to Cash for $4160000 and a credit or credits to O Preferred Stock for $4160000. O Preferred Stock for $3200000 and Retained Earnings for $960000. O Paid-in Capital from Preferred Stock for $4160000. Preferred Stock for $3200000 and Paid-in Capital in Excess of Par Value-Preferred Stock for $960000