Question 3 During its first year of operations, Millwoods Enterprises Inc. had the following transactions related to its common shares: an Issued 5,000 common shares to Michelle Vogel for $1 eacha)journalize the share Mar. 15 Issued 10,000 common shares in exchange for equipment rarsteedtton Wogel. The equipment was Apr. 10 Issued 3,500 shares to a consulting firm for management consulting services as settlement of a $14,000 (b)calculate the average cost of the common valued at $40,000. invoice. Sep. 30 Issued 4,000 common shares to Renee Vogel for $5 each. shares Millwoods enterprise Inc.at December,31,2008 C)explain how the common shares differ from preferential shares