8. HK Company issues 4,000 shares of its $5 par value common stock having a fair value of $26 per share and 6,000 shares of its $15 par value preferred stock having a fair value of $22 per share for a lump sum of $202,000. What amount of the proceeds should be allocated to the preferred stock? a. S127,525 b. $112,983 c. $111,818 d. $90,481