Question: a. $90,481 b. $112,983 c. $127,525 d. $111,818 HK Company issues 4,000 shares O fits S 5 par value common stock having a fair value

HK Company issues 4,000 shares O fits S 5 par value common

a. $90,481 b. $112,983 c. $127,525 d. $111,818

HK Company issues 4,000 shares O fits S 5 par value common stock having a fair value of S 26 per share and 6,000 shares O fits S 15 par value preferred stock having a fair value of $22 per share for a lump sum o f S 202,000. What amount of the proceeds should be allocated to the preferred stock? O a.S90,481 O b.S112,983 o c. $127,525 O d.S111,818

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