7 of 31 View Policies Current Attempt in Progress -13 1 Sheridan Company issued 11000 shares of its $10 par value common stock having a fair value of $20 per share and 15800 shares of its $10 par value preferred stock having a fair value of $20 per share for a lump sum of $526000. How much of the proceeds would be allocated to the common stock? O $246250 $310104 O $215896 O $220000 Seve for Later Attempts: 0 of 1 used Submit