Wade, IncIssued 500 Shares of $10 Par Preferred Stock at $83

Wade, Inc.issued 500 shares of $10 par preferred stock at $83 a share.Each share had a warrant attached that allowed the holder to purchase one share of $5 par common stock for $15.Soon after the preferred stock was issued, the preferred stock was selling ex-rights for $64 a share and the warrants for $16 each.The entry to record the issuance of the preferred stock would include a

A) debit to Retained Earnings for $8, 300
B) credit to Additional Paid-in Capital on Preferred Stock for $36, 500
C) credit to Common Stock Warrants for $8, 300
D) credit to Additional Paid-in Capital on Common Stock for $8, 300