Sylvan Heights Company issues 115,000 shares of preferred stock for $39 per share. The stock has a fixed dividend rate of 5% and a par value of $8 per share. The company records the issuance with a debit to Cash for: Multiple Choice $4,485,000 and a credit to Preferred Stock for $4,485,000. $4,485,000, a credit to Preferred Stock for $920,000, and a credit to Additional Paid-in Capital for 3,565,000. $920,000, a debit for $3,565,000 to Long- term Investments, a credit to Preferred Stock for $920,000, and a credit to Additional Paid-in Capital for $3.565,000