Sneed Corporation issues $14,900$ shares of $$52$ par preferred stock for cash at $$69$ per share. The entry to journalize the transaction will consist of a debit to Cash for $$1,028,100$ and a credit or credits to a$.$ Preferred Stock for $$774,800$ and Paid$-$In Capital in Excess of Par$-$Preferred Stock for $$253,300$ b$.$ Paid$-$In Capital from Preferred Stock for $$1,028,100$ c$.$ Preferred Stock for $$1,028,100$ d$.$ Preferred Stock for $$774,800$ and Retained Earnings for $$253,300$