The following selected transactions occurred during Trio Networks Corporations first year of operations: 2023 Jan. 15 Issued 2,000 common shares to the corporations promoters in exchange for their efforts in creating it. Their efforts are estimated to be worth $31,100. Feb. 21 13,000 common shares were issued for cash of $13 per share. Mar. 9 6,000 preferred shares were issued for cash totalling $108,600. Aug. 15 55,000 common shares were issued in exchange for land, building, and equipment with appraised values of $311,000, $416,000, and $108,000, respectively.