Multiple Choice Question 71 Presented below is information related to Sheffield Corp.: Common Stock, $1 par $3450000 Paid-in Capital in Excess of Par-Common Stock 555000 Preferred 8 1/2% Stock, $50 par 1990000 Paid-in Capital in Excess of Par-Preferred Stock 414000 Retained Earnings 1560000 Treasury Common Stock (at cost) 146000 The total stockholders' equity of Sheffield Corp. is $7969000. $6263000. OOOO $7823000. $6409000. Multiple Choice Question 73 Coronado Industries issued 10000 shares of its $5 par value common stock having a fair value of $30 per share and 15200 shares of its $10 par value preferred stock having a fair value of $25 per share for a lump sum of $521000. How much of the proceeds would be allocated to the common stock? $229853 $326250 $291147 $300000 O O O O