Study George Weston Ltd.'s January 8, 2017, share issuance entry given on pages 440-441, and answer these questions about the nature of the transaction:
1. If George Weston had sold the shares for $80, would the $30 ($80 - $50) be profit for
George Weston?
2. Suppose the shares had been issued at different times and different prices. Will shares issued at higher prices have more rights than those issued at lower prices? Give the reason for your answer.