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Sneed Corporation issues $14,400$ shares of $$51$ par preferred stock for cash at $$63$ per share. The entry to journalize the transaction will consist of a debit to Cash for $$907,200$ and a credit or credits to

a$.$ Preferred Stock for $$734,400$ and Paid$-$In Capital in Excess of Par$$Preferred Stock for $$172,800$

b$.$ Paid$-$In Capital from Preferred Stock for $$907,200$

c$.$ Preferred Stock for $$734,400$ and Retained Earnings for $$172,800$

d$.$ Preferred Stock for $$907,200$