A Tour Company issues 8,000 shares of its $5 par value common stock and 9,000 shares of its $15 par value preferred stock for a lump sum of $500,000 . fair value of common stock is $25 per share. How much proceeds will be allocated to the common stock and Preferred stock?

Question of 10 Question 9 2 points Tour Company issues 8,000 shares of its 55 par value common stock and 9,000 shares of its 515 par value preferred stock for a lump sum of $500,000. The fair value of common stock is 525 per share. How much proceeds will be allocated to the common stock and Preferred stock? For the toolbar, press ALT 10 PALIHIN 10 (MC