Sneed Corporation issues 11,600 shares of $52 par preferred stock for cash at $65 per share. The entry to record the transaction will consust of a debit to Cash for 5754,000 and a credit on credits to a. Prefurred Stock tor $754,000. b. Preferted 5tock for 5603200 and Feained Eaningi for 5150,800. c. Pala le carieal frem Prufures Shack fer 3754,000