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Sheffield Corp. issued 10200 shares of its $5 par value common stock having a fair value of $25 per share and 14000 shares of its

Sheffield Corp. issued 10200 shares of its $5 par value common stock having a fair value of $25 per share and 14000 shares of its $10 par value preferred stock having a fair value of $25 per share for a lump sum of $529000. How much of the proceeds would be allocated to the common stock?

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