Mar 1 Mar 3 1 Apr 3 july 2 4 Nov 1 Issued 10,000 preferred shares at $42 per share. Issued 75,000 common shares at $3 per share. Issued 25,000 common shares for land. The land's appraised value was $74,000. Issued 20,500 common shares for $60,000 cash and used equipment. The equipment originally cost $25,000. It now has a carrying amount of $15,000 and a fair value of $12,000. lssued 2,000 preferred shares at $48 per share