ve Problem 4 transactions completed by Equinox Products Inc, during the fiscal year ended ecember 31, 2016, were as follows: Issued 15,000 s hares of $20 par common stock at 830, receiving cash Issued 4,000 shares bf sso par preferred Soh stock at $100, receiving cash. 1,00 1% 200 Issued $500,000 of 10-year, 5% bonds at 104, with interest payable o ,066 Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share or preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding . e, Paid the cash dividends declared in (d). . Purchased 7,500 shares of Solstice Corp. at $40 per share, plus a $150 brokerage com- mission. The investment is classified as an available-for-sale investment. Purchased 8,000 shares of treasury common stock at $33 per share. share. Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc. h. Purchased 40,000 shares of Pinkberry Co, stock directly from the founders for $24 per treated the investment as an equity method investment. i. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date Continued) of record, 20,000 shares of preferred stock had been issued