Ridgewood Ltd. was incorporated as a private company on January 2, 2021, and is authorized to issue an unlimited number of common shares and $1 preferred shares. The company had the following share transactions in its first month of operations; Jan. 6 Issued 218.000 common shares for $1.50 per share. 12 Issued 49,000 common shares for $1.77 per share. 17 Issued 10,500 preferred shares for $26.00 per share. 18 Issued 471,000 commn shares for $2.00 per share. 24 Repurchased 193,000 common shares at $1.90 per share. 31 Issued 9,100 common shares in exchange for $13,650 of legal services