Practice Exercise 15-1 During its first year of operations, Grouper Company had the following transactions pertaining to its common stock. Jan. 5 Issued 49,000 shares for cash at $5 per share. Aug. 1 Issued 20,000 shares for cash at $9 per share. Sept. 20 Issued 4,000 shares and paid $51,000 in cash to a vendor in exchange for computers. The list price of the computers totaled $104,000. Dec. 19 Issued 42,000 shares for cash at $10 per share