3. Capital Structure of ECG ES iv. vi. The company issued 500,000 common shares for $10 a share on January 2, 2020. the date of its incorporation. Another 340,000 common shares were issued for $30 each on March 1, 2020. On November 1, 2020 the company repurchased 50,000 of its own shares. 100,000 warrants were issued for $20 each on April 1, 2020. One warrant permits the owner to purchase one common share of CO: for $30 any time before December 31, 2024. On September 1, 2020 the company issued $2,400,000, 5%, convertible bonds at par value. Each $1,000 bond is convertible into 20 common shares. The average market value of the common shares in 2020 was $40 per share based on private sales of the shares during the year. No dilutive securities were converted into common shares during 2020. Note that the WWW propgrly