P15.4 (LO1) (Share Transactions-Lump Sum) Seles SA's charter authorized issuance of 100,000 ordinary shares of 10 par value and 50,000 shares of 50 preference shares. The following transactions involving the issuance of shares were completed. Each transaction is independent of the others. 1. Issued a 10,000, 9% bond payable at par and gave as a bonus one preference share, which at that time was selling for 106 a share. 2. Issued 500 ordinary shares for machinery. The machinery had been appraised at 7,100; the seller's book value was 6,200. The most recent market price of the ordinary shares is 16 a share. 3. Issued 375 ordinary shares and 100 preference shares for a lump sum amounting to 10,800. The ordinary shares had been selling at 14 and the preference shares at 65. 4. Issued 200 shares of ordinary and 50 shares of preference for fumiture and fixtures. The ordinary shares had a fair value of 16 per share; the furniture and fixtures have a fair value of 6.500. Instructions