Rouda Incorporation in its first year of operations recorded the following transactions in respect of its shareholders equity. The authorized share capital was 16 million common shares at $1 par per share, and 2 million preferred shares, $50 par per share.

Jan 10	Sold 4 million common shares, for $18 per share.
12	Issued 80,000 common shares for $18 per share to a lawyer in exchange for his legal services.
15	Sold 160,000 of its common shares for $18 per share and 8,000 preferred shares for a total of $1,890,000.
28	Issued 760,000 of its common shares in exchange for factory machinery for which the cash price was known to be $7,376,000.