Question 4 of 10 Skysone, Inc. is authorized to be 14000 shares of 7% $100 par vakle preferred stock and 44000 shares of no par common stock with a stated value of $1 per share of Skysongistes 7000 shares of preferred stock for land with an asking price of 5840000 anda market value of $735000. Which of the following would be the best journal entry for Skysong to record? Land 735000 Preferred Stock 700000 Paid in Capital in Excess of Par Preferred 35000 O Land 840000 700000 Preferred Stock Paid-in Capital in Excess of Par Preferred 140000 Land 700000 Preferred Stock 700000 Land 735000 Preferred Stock 735000