George Company issues 8,000 shares of its $5 par value common stock having a fair value of $25 per share and 12,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $410,000. What amount of the proceeds should be allocated to the prefered stock? a. $335,454 b. $256,250 c. $223,636 d. $186,362