Sneed Corporation issues 14,100 shares of $49 par preferred stock for cash at $65 per share. The journal entry for the transaction will consist of a debit to Cash for $916,500 and a credit or credits to a. Paid-In Capital from Preferred Stock for $916,500. b. Preferred Stock for $690,900 and Retained Earnings for $225,600. c. Preferred Stock for $916,500. d. Preferred Stock for $690,900 and Paid-In Capital in Excess of ParPreferred Stock for \$225,600