Raven Corporation is authorized to issue 2,000,000, common shares. During its first three years of operation, Raven issued 1,200,000 shares at $15 per share. In 2021, Raven issued an additional 5,000 shares in return for equipment with a fair value of $75,000. The market price of the shares was $16 at the time of the sale. Instructions Based on the above information, answer the following questions:

a)	How many shares are authorized at the end of 2021?

b)	How many shares are issued at the end of 2021?

c)	What is the value of the Common Shares account at the end of 2021?