Wilde and Violent Corporation issues 2,000 shares of $120 par value preferred stock at a price of $215 per share. It attaches a warrant to each share of stock that allows the holder to purchase two shares of $2 par common stock at $30 per share. If the total value of the warrants at the time of issuance is $51,600, the journal entries to record exercise of the warrants would include: a debit to Cash of $430,000 O a credit to Preferred Stock of $240,000 O a debit to Paid-in Capital - Warrants of $51,600 O a debit to Common Stock of $8,000