Mahesh Inc. begin operations on July 5, 2021 and immediately issued 18000 common shares for cash of $2 per share. On July 13, 1500 common shares were issued to promoters, valued at a total of $15,000. On July 20, 14000 preferred shares were issued for cash of $8 per share.

No transaction happened in August and balance carried forward to September.

On September 10, 15,000 common shares were issued in exchange for building valued at $50,000. On September 25, 13000 more preferred shares were issued for total cash of $20,500. a) Prepare the statement of changes in equity for the month ended September 30, 2021. Assume a loss of $15,000 was realised in July, loss earned during September was $15,000 and dividends totalling $45,000 had been declared and paid in September.

b) Also calculate the average issue price per common share as of September 30, 2021. c) What is the average issue price per preferred share as of September 30, 2021?