Exhibit 15.7 presents a portion of the statement of changes in shareholders€™ equity for Sirens, Inc., for 2013. Prepare journal entries for each of the six listed transactions in Exhibit 15.7. Transactions (4) and (5) were not with employees. Transaction (5) did not require the tendering of cash. Record the conversion of the notes in transaction (6) at carryingvalue.

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Sirens, Inc Excerpt from Statement of Changes in Shareholders' Equity (amounts in thousands of US$) EXHIBIT 15.7 Number of Common Shares Par Value of Common Stock Additional Paid-In Capital 1,434,635,501 1,435 (1) Common Stock Issued to Third Parties. .. .. (2) Common Stock Issued to Employees.. . (3) Stock-Based Compensation Expense $3,443,214 82,919 19,242 52,683 3,529 22,058,824 4,279,097 2,859,232 4,988,726 2,322,190 1,471,143,570 (6) Exchange of Convertible Notes. .. 3,182 $1,471