Sheridan Corporation issued 104,000 shares of $20 par value, cumulative, 7% preferred stock on January 1, 2021, for $2.630,000. In December 2023, Sheridan declared its first dividend of $810,000. (a) Prepare Sheridan's journal entry to record the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit