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Sunland Company issued 9100 shares of its $5 par value common stock having a fair value of $20 per share and 14300 shares of its
Sunland Company issued 9100 shares of its $5 par value common stock having a fair value of $20 per share and 14300 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $523000. How much of the proceeds would be allocated to the common stock? O $208250 O $182000 O $203389 O $319611
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