On January 1 , 2017, Only You Merchandise Led . has 5, 000 common shares issued for a total of $7, 500 , and no other shares or contributed capital . During 2017 , Only You had the following transactions" Jan 15 Issued 1, 500 common shares for $1. 50 each . Mar 31 Settled an account for legal Expenses by issuing 3, 000 shares . The value of the legal services was $5, 000 . Jun 30 Reacquired 1 , 700 shares for $ 2.00 each . SEP 30 Issued 10, 000 shares in exchange for Equipment with a fair value of $ 2 2, 500. Instructions a ) Record the transactions . 60) Calculate the number and average price of common shares issued at the end of 2017