On July 1, 2020, Lila Corp. issued 4,000 of its no par common shares and 8,000 of its no par preferred shares for a lump sum of $ 200,000. At this date Lilas common shares were selling for $ 24 per share and the preferred shares for $ 18 per share. Using the relative fair value method, the amount of the proceeds allocated to the preferred shares account should be

100,000

110,000

120,000

72,000