Tamarisk Corporation issued 115,000 shares of $18 par value, cumulative, 8% preferred stock on January 1,2021 , for $2,530,000. In December 2023, Tamarisk declared its first dividend of $730,000. (a) Prepare Tamarisk's journal entry to record the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.)