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Normal Company issues 6 , 0 0 0 shares of its $ 5 par value common stock having a fair value of $ 2 5

Normal Company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $310,000. The proceeds allocated to the common stock
a. $124,000
b. $140,909
c. $150,000
d. $169,091
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