Current Attempt in Progress

Crane Company issues $3000$ shares of its $$5$ par value common stock having a fair value of $$20$ per share and $5000$ shares of its $$10$ par value preferred stock having a fair value of $$20$ per share for a lump sum of $$204000.$ What amount of the proceeds should be allocated to the preferred stock?

$$76499$

$$183409$

$$143807$

$$127500$