Whispering Winds Corporation issued 112,000 shares of $20 par value, cumulative, 9% preferred stock on January 1, 2018, for $2,640,000. In December 2020, Whispering Winds declared its first dividend of $840,000. Prepare Whispering Winds'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 O for the amounts.) Account Titles and Explanation Debit Credit Teytbook and Media