12345678 Ontario Ltd. which has authorized share capital of an unlimited number of common shares, and no other authorized classes of shares, had the following share transactions during 2021, its first year of operations: Jan 2 Issued 30,000 common shares at $0.10 each. Jan 15 Issued 50,000 common shares to Doug Chevy in exchange for management services valued at $5,000. Jan 31 Issued 1,000,000 common shares to Justin Hair in exchange for merchandise inventory valued at $15,000, land valued at $30,000 and a building valued at $55,000. Mar 31 Issued 60,000 to Brown Law Firm in exchange for legal services. It is assumed that the market price of 12345678 Ontario's shares is unchanged since January 2. Dec 1 Reacquired the shares held by Brown Law Firm for $0.25 per share. Instructions Record the 2021 share transactions