Cullumber Corp had $2,800$ preferred shares issued with a balance of $$64,400$ and $131,000$ common shares issued with a balance of $$786,000$ at the beginning of the year. The following share transactions occurred during the year:

June $12$ Issued $49,500$ common shares for $$7$ per share.

July $11$ Issued $900$ preferred shares for $$25$ per share.

Oct. $1$ Issued $10,200$ common shares for $$8$ per share.

Nov. $15$ Issued $22,700$ preferred shares for $$29$ per share.