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urgent please Sylvan Heights Company issues 104,000 shares of preferred stock for $44 per share. The stock has a fixed dividend rate of 9% and

urgent please
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Sylvan Heights Company issues 104,000 shares of preferred stock for $44 per share. The stock has a fixed dividend rate of 9% and a par value of $7 per share. The company records the issuance with a debit to Cash for: Multipie Choice $4,576,000 and a credit to Preferred Stock for $4,576,000 $728,000 ond a credt to Preferred Stock for $728,000 56,576,000, a credit to Prelerted Stock for \$728,000, and a credit to Additional Paid-in Capital for 3,848,000. \$728,000, a debit for 53,848,000 to Long-term livestments, a credit to Preferred Stock for $728,000, and a credit to Additional Paid-in Capital for 53,848,000

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