Current Attempt in Progress Bridgeport Limited was organized on January 1, 2020. It is authorized to issue 13,500 8%, HK$1,000 par value preference shares, and 499,000 no-par ordinary shares with a stated value of HK$20 per share. The following share transactions were completed during the first year Jan 10 Mar 1 Apr. 1 May 1 Aug. 1 Sept. 1 Nov 1 Issued 81,500 ordinary shares for cash at HK$48 per share. Issued 4,800 preference shares for cash at HK$1,050 per share. Issued 15,000 ordinary shares for land. The asking price of the land was HK$ 989,000. The fair value of the land was HK$926,000. Issued 84,500 shares of ordinary shares for cash at HK$43 per share. Essued 10,500 ordinary shares to attorneys in payment of their bill or HK$359,000 for services provided in helping the company organize. Issued 12,000 ordinary shares for cash at HK$50 per share. Essued 3,000 preference shares for cash at HK$1,060 per share,