During its first year of operations, Eastern Data Links Corporation entered into the following transactions relating to shareholders equity. The articles of incorporation authorized the issue of 6 million common shares, $1 par per share, and 2 million preferred shares, $50 par per share.

Feb.		12		Sold 3 million common shares, for $10 per share.
		13		Issued 39,000 common shares to attorneys in exchange for legal services.
		13		Sold 72,000 of its common shares and 6,000 preferred shares for a total of $1,035,000.
Nov.		15		Issued 420,000 of its common shares in exchange for equipment for which the cash price was known to be $3,988,000.