Consider the following information from the Bubble.com IPO prospectus and finance.yahoo.com Bubble.com is offering 10,000,000 shares of Class A common stock and the selling stockholders are offering 30,000,000 shares of Class A common stock. The initial public offering price is $28.00 per share. The issue is placed through a firm commitment offering. The investment bank receive and underwriting spread of 7% for their commitment to sell the shares. Following the offering, Bubble.com will have two classes of authorized common stock, Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote per share and is convertible at any time into one share of Class A common stock. After the issue, Bubble.com has 5,000,000,000 authorized shares of class A stock and 40,000,000 issued shares of class A common stock. The selling stockholders have granted the underwriters the right to purchase up to an additional 3,000,000 shares to cover over-allotments. Bublle.coms stock (NASDAQ: DOWN) closed at $16.52 after the first trading day a) How many shares are offered to public, excluding the over-allotment option? b) What part of the proceeds goes to Bubble.com, to the selling stockholders, and to the investment bank consortium? State your answer in dollar terms