On January 1, 2021, Sarasota Merchandise Ltd. had 5,800 common shares issued for a total of $8,700, and no other shares or contributed capital. During 2021, Sarasota had the following transactions:

Jan.	15		Issued 2,300 common shares for $1.50 each.
Mar.	31		Settled an account for legal fees by issuing 3,800 shares. The value of the legal services was $6,890.
Jun.	30		Reacquired 2,500 shares for $2.00 each.
Sep.	30		Issued 10,800 shares in exchange for equipment with a fair value of $25,360.

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