Sylvan Heights Company issues 109,000 shares of preferred stock for $43 per share. The stock has a fixed dividend rate of 9% and a par value of $12 per share. The company records the issuance with a debit to Cash for: Multiple Choice $4.69 million and a credit to Preferred Stock for $4.69 million. $1,308,000 and a credit to Preferred Stock for $1,308,000. $4.69 million, a credit to Preferred Stock for $1,308,000, and a credit to Additional Paid-in Capital for 3.38 million. O $1,308,000, a debit for $3.38 million to Long-term Investments, a credit to Preferred Stock for $1,308,000, and a credit to Additional Paid-in Capital for $3.38 million. O