Sage Corporations charter authorized issuance of 91,000 shares of $10 par value common stock and 53,700 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,500, 9% bond payable at par and gave as a bonus one share of preferred stock, which at that time was selling for $107 a share. 2. Issued 470 shares of common stock for equipment. The equipment had been appraised at $6,700; the sellers book value was $6,800. The most recent market price of the common stock is $15 a share. 3. Issued 396 shares of common and 109 shares of preferred for a lump sum amounting to $9,800. The common had been selling at $13 and the preferred at $65. 4. Issued 180 shares of common and 53 shares of preferred for equipment. The common had a fair value of $15 per share; the equipment has a fair value of $7,000.