January 5: Issued 370,000 of its common shares for $8 per share and 2,700 preferred shares at $110. February 12: Issued 47,000 shares of common stock in exchange for equipment with a known cash price of $304,000. JE on January 5th Issued 370,000 of its common shares for $8 per share. Issued 2,700 preferred shares at $110. Issued 47,000 shares of common stock in exchange for equipment with a known cash price of $304,000.