On January 1, 2017. Only You Merchandise Ltd 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 $22, 500. Instructions Record the transactions. Calculate the number and average price of common shares issued at the end of 2017