Question 25 (4 points) Use the following information for items 22, 23, 24 and 25. Golden Rams Corporation was started on January 1, 2020. The corporate charter authorized Golden Rams to issue 100,000 shares of 6%, $50 par cumulative preferred stock and 500,000 shares of $5 par value common stock. What journal entry is needed to record the following transaction? Received land and building with a market value of $50,000 and $100,000 respectively for 7,000 shares of common stock. Debit: Organizational Costs, 150,000; Credit: Preferred Stock,150,000 Debit: Land and Building, 150,000; Credit: Common Stock, 35,000 and Paid- in Capital in Excess of Par-Common Stock, 115,000 Debit: Land 50,000 and Building 100,000; Credit: Common Stock, 35,000 and Paid-in Capital in Excess of Par-Common Stock, 115,000 Debit: Stock Investment, 150,000: Credit: Common Stock, 35,000 and Paid- in Capital in Excess of Par-Common Stock, 115,000