What would be true of the journal entry made to issue 10,000 shares of 6% $100 par Preferred Stock for a total of $ 1,500,000. Select one: a. The Preferred Stock account would be increased by $1,500,000. b. The Cash account would be increased by $1,500,000. c. The Preferred Stock would be automatically convertible and cumulative. d. Preferred stockholders are guaranteed their dividend each year.