Sheridan Corporation's charter authorized issuance of 97,000 shares of $10 par value common stock and 46,800 shares of $50 par value preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,500,10% bond payable at par and gave as a bonus one share of preferred stock, which at that time was selling for $99 a share. 2. Issued 450 shares of common stock for equipment. The equipment had been appraised at $6,600; the seller's book value was $6,800. The most recent market price of the common stock is $17 a share. 3. Issued 254 shares of common and 127 shares of preferred for a lump sum amounting to $10,900. The common had been selling at $15 and the preferred at $70. 4. Issued 190 shares of common and 48 shares of preferred for equipment. The common had a fair value of $17 per share; the equipment has a fair value of $6,700