SheridanCompany is authorized to issue 9000 shares of 8%, $100 par value preferred stock and 541000 shares of no-par common stock with a stated value of $1 per share. If Sheridan issues 4500 shares of preferred stock for land with an asking price of $583000 and a market value of $541000, which of the following would be the journal entry for Sheridan to record? Land Preferred Stock Land Preferred Stock Paid-in Capital in Excess of Par- Preferred 541000 541000 583000 450000 133000 Land 450000 Preferred Stock 450000 Land Preferred Stock Paid-in Capital in Excess of Par- Preferred 541000 450000 91000