On December 31, 2014, shareholders' equity accounts of Green Products Inc. (GPI) had the balances shown below. GPI paid dividends of $4,096 on December 1, 2014.

1. GPI sold 10,000 common shares on June 30, 2014. What was the average selling price of these shares if this was the only common-shares transaction during 2014?
2. Journalize GPI's sale of the common shares on June 30, 2014.
3. Based only on the above information, did GPI earn a profit or suffer a loss during 2014? Calculate the profit or loss.

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