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On July 1,2026 , Bramble Co. issued 4100 shares of its $10 par common stock and 8200 shares of its $10 par convertible preferred stock
On July 1,2026 , Bramble Co. issued 4100 shares of its $10 par common stock and 8200 shares of its $10 par convertible preferred stock for a lump sum of $229600. At this date Bramble's common stock was selling for $24 per share and the convertible preferred stock for $18 per share. The amount of the proceeds allocated to Bramble's preferred stock is
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