1. Ahmad Company issues 6,000 shares of its $5 par value ordinary shares having a fair value of $20 per share and 8,000 shares of its $15 par value preference shares having a fair value of $60 per share for a lump sum of $180,000. What amount of the proceeds should be allocated to the preference shares? (3 Points) $180,000 $480.000 $144,000 $103.800