Complete the following question for Financial Services. Consider each case separately. a) On August 15, 2015, Financial Services sold 7,900,000 common shares to provide funds for research and development. The issue price is $13 per share. Record the journal entry to record the sale of the shares. Enter an appropriate description, and enter the date in the format dd/mmm (ie. 15/Jan). Please make sure your final answer(s) are accurate to 2 decimal places.

b) Financial Services issued 80,000 common shares to the JenStar as compensation for 4,400 hours of legal services performed. JenStar's usual rate is $230 per hour. By what amount should Financial Services' common shares increase as a result of this transaction? Please make sure your final answer(s) are accurate to the nearest whole number.

Common share capital will increase by $ .