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During its first year of operations, Millwoods Enterprises Inc. had the following transactions related to Its common shares: Jan Mar 15 Issued 5,000 common shares to Michelle Vogel for $1 each. Issued 10,000 common shares in exchange for equipment transferred from Vogel. The equipment was valued at $40,000. Apr 10 Issued 3,500 shares to a consulting firm for management consulting services as settlement of a $14,000 Inwoke. Sep 30 Issued 4,000 common shares to Renee Vogel for $5 each. Instructions journalize the share transactions. bj Calculate the average cost of the common shares of Millwoods Enterprises Inc. at December 31. TTT Anal 19 3112pth THE