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Coronado Industries issues 3900 shares of its $10 par value common stock having a fair value of $25 per share and 5900 shares of its

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Coronado Industries issues 3900 shares of its $10 par value common stock having a fair value of $25 per share and 5900 shares of its $10 par value preferred stock having a fair value of $25 per share for a lump sum of $205800. What amount of the proceeds should be allocated to the preferred stock? $123900 $81899 $179809 5140207

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