Sam & Ella's is a seedy pub in New Westminster. They sell 1,000 packages of equity securities consisting of one common share and one preferred share. Each package was sold for $100 for total proceeds of $100,000. At the time of sale, the market price of the common shares was $91.00 and the estimated fair value of the preferred shares was $10.00. Prepare the necessary journal entries: Do not use $, commas, or +/- in your answer. Please do not round intermediary calculations. Round final answer to nearest dollar. If an account is not applicable, please enter 0. What is the amount allocated to common shares and preferred shares if a) The company uses the relative fair value method: common shares: preferred shares: I For Blank 1 b) The company uses the residual method: common shares: preferred shares: