Sheed Corporation issues 12,500 shares of $52 par preferred stock for cash at $62 per share. The entry to record the transaction will consist of a debit to Cash for $775,000 and a credit or credits to Oa. Preferred stock for $650,000 and Retained Earnings for $125.000 Ob. Preferred Stock For $650,000 and Paid in Capital in Excess of Par-Preferred stock for 5125.000. Oc Paid-In Capital from Preferred stock for 5775,000 Od Preferred Stock for 3775,000