Question 17 View Policies Current Attempt in Progress 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? $326250 $229853 $291147 $300000 Save for Later Attempts: 0 of 1 used Submit Answer 7:12 PM A A . 40 4/16/2020