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Wildhorse Company issues 5600 shares of its $10 par value common stock having a fair value of $30 per share and 8600 shares of its

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Wildhorse Company issues 5600 shares of its $10 par value common stock having a fair value of $30 per share and 8600 shares of its $10 par value preferred stock having a fair value of $25 per share for a lump sum of $308000. The amount of the proceeds allocated t the common stock is $172898 $135102 $168000 $87400

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