Which of the following is the correct journal entry to record the issuance of 3,000 shares of 6% cumulative, $40 stated value, preferred stock at $44 ? Multiple Choice \begin{tabular}{|c|c|c|} \hline Preferred Stock, $40 Stated Value, 6% cumulative & Debit & Credit \\ \hline Cash & 132,000 & \\ \hline & & 132,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline & Debit & Credit \\ \hline Cash & 132,000 & \\ \hline Preferred Stock, $40 Stated Value, 6% cumulative & & 132,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline & Debis & Credit \\ \hline Cash & 120,000 & \\ \hline Paid-in Capital in Excess of Stated Value-Preferred & 12,000 & \\ \hline Preferred Stock, $40 Stated Value, 6% cumulative & & 132,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|} \hline & Debif & Credif \\ \hline Cash & 132,000 & \\ \hline Preferred Stock, $40 Stated Value, 6% cumulative & & 120,000 \\ \hline Paid-in Capital in Excess of Stated Value - Preferred & & 12,000 \\ \hline \end{tabular}