Exercise I: Coke Corporation issued 333 shares of 556 par value common stock and 133 shares of $58 par value preferred stock for a lump sum of $38876. The common stock has a market value of 557 per share, and the preferred stock has a market value of $62 per share. Prepare the journal entry of allocating proceeds in two methods: 1. the proportional method and 2. the incremental method (in this case assume the value of the preferred stock is unknown)