Martinez Company issues $21440$ shares of its $$0\mathrm{.}50$ par value common stock having a market value of $$30$ per share and $6900$ shares

of its $$30$ par value preferred stock having a market value of $$60$ per share for a lump sum of $$762000.$ The proceeds allocated to the

common stock is

$$463600.$

$$643200.$

$$473232.$

$$348000.$