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GARFIELD Company issues 1 0 , 0 0 0 shares of its $ 1 par common stock and 6 , 0 0 0 shares of
GARFIELD Company issues shares of its $ par common stock and shares of its $ par preferred stack for a lump sum of $ On the date of issuance, the common stock had a market value of $ per share but the preferred stock did not have a reliable market valueWhat amount of the proceeds should be allocated to the Paidin Capital account for preferred stock?$$
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