Kingbird, Inc. issues 8,600 shares of $106 par value preferred stock for cash at $112 per share. Journalize the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Cash Paid-in Capital in Excess of Stated Value-Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock Debit Credit