Bagels' Plus are authorized to issue 800 shares of $1 par value common stock. They issue 600 shares for $30,000. Six months later, they buy back 100 shares. In addition, the company issued 1,000 shares of $10 par value. 5% preferred stock for $25,000. What is the journal entry for the issuance of preferred stock? Debit: Cash $25,000 and Credit: Preferred stock $25.000 O Debit: Cash $25,000 and Credit: Preferred stock $10,000 and APIC $15,000 O Debit: Cash $30,000 and Credit Common Stock $600 and APIC $29,400 Debit: Cash $30,000 and Credit: Common Stock $30.000