A Corporation issues both common and preferred stock for a lump sum Shares Par Value Market Value Common Stock Issued 10,000 Preferred Stock Issued $10.00 15,000 $20.00 $25.00 $60.00 $800,000 LUMP SUM Price for the shares. "Use the given data to select the correct statements regarding this transaction Select all correct choices, do not select all choices, incorrect choices are penalized "The Corporation will Debit Cash for $800,000 "They will credit APIC-Preferred Stock for $600,000 "They will credit APIC- Common Stock for $73,913 "They will credit APIC- Common Stock for $150,000 "They will credit Common Stock for $250,000- They will credit Preferred Stock for $900,000 They will credit APIC-Preferred Stock for $326,087 They will credit Common Stock for $100,000" They will credit Preferred Stock for $300,000 The Corporation will Debit Cash for $1,150.000