Prepare journal entries to record the following transactions that occurred during the first $2$ months of operations:

$(1)$ Jan $10$ Sold $60,000$ common shares for $$6$ per share cash

$(2)$ Jan $15$ Exchanged $4,000$ preferred shares for equipment with a fair market value of $$40,000$

$(3)$ Feb $1$ Exchanged $1,000$ preferred shares for legal fees incurred during organization worth $$7,500$