E10-22A. (Learning Objective 2: Measuring the paid-in capital of a corporation) Travel Publishing was recently organized. The company issued ordinary shares to an attorney who provided legal services worth $22,000 to help organize the corporation. Travel also issued ordinary shares to an inventor in exchange for his patent with a market value of $83,000. In addition, Travel received cash both for the issuance of 3,000 shares of its preference shares at $120 per share and for the issuance of 20,000 of its ordinary shares at $1 per share. During the first year of operations, Travel earned a net income of $50,000 and declared a cash dividend of $29,000. Without making journal entries, determine the total paid-in capital created by these transactions. E10-40B. (Learning Objectives 2, 3: Recording treasury share transactions and measuring their effects on shareholders' equity) Journalize the following assumed transactions of Applebug Productions: Mar. 16 Apr. 20 Issued 2,500 shares of $1.50 par ordinary share at $7 per share. Purchased 700 shares of treasury share at $16 per share. Sold 500 shares of treasury share at $17 per share. Aug. 8 What was the overall effect of these transactions on Applebug's shareholders' equity