The Dodge Corporation has the following Preferred and Common Stock: Preferred Stock, 78,000 shares authorized, 3,000 outstanding, 8.5%, Par Value $75.00. Common Stock, 120,000 shares authorized, 25,600 outstanding, Par Value $15.00. Using the Dodge Corporation stock information, prepare the following journal. The company issued 5,000 shares of Preferred Stock for $115.00 per share.