Bank issued 322 shares of $45 par value common stock and 122 shares of $47 par value preferred stock for a lump sum of $31385. The common stock has a market value of $46 per share, and the preferred stock has a market value of $51 per share. Prepare the journal entry of allocating proceeds in two methods: the proportional method and the incremental method (in this case assume the value of the preferred stock is unknown).