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 8 million common shares, $1 par per share, and 1 million preferred shares, $50 par per share. Feb. 12 Sold 3 million common shares, for $10 per share. 13 Issued 43,000 common shares to attorneys in exchange for legal services. 13 Sold 83,000 of its common shares and 2,000 preferred shares for a total of $950,000. Nov. 15 Issued 360,000 of its common shares in exchange for equipment for which the cash price was known to be $3,748,000. View transaction list :X: > 1 Sold 3 million common shares, for $10 per share. Issued 43,000 common shares to attorneys in exchange for legal services. 2 Sold 83,000 of its common shares and 2,000 preferred shares for a total of $950,000. Issued 360,000 of its common shares in exchange for equipment for which the cash price was known to be $3,748,000. 4 Credit