Question 27 (2.5 points) Cole Corporation issues 15,000 shares of $50 par value preferred stock for cash at $60 per share. Reference Ref 13 The entry to record the transaction will consist of a debit to Cash for $900,000 and a credit or credits to a) Preferred Stock for $900,000. b) Preferred Stock for $750,000 and Paid-in Capital in Excess of Par Value- Preferred Stock for $150,000. OC) Paid-in Capital from Preferred Stock for $900,000. O d) Preferred Stod for $750,000 and Paid-in Capital from Preferred Stock for $150,000. d)