Common Shares

Before the $2022-2023$ fiscal year, the company had $122,000$ outstanding common shares issued as follows:

$106,000$ shares issued for cash on July $1,2020,$ at $$35$ per share.

$5,000$ shares exchanged on July $24,2020,$ for a plot of land that cost the seller $$70,000$ in $2010$ and had an estimated fair

value of $$194,000$ on July $24,2020.$

$11,000$ shares issued on March $1,2021$; the shares had been subscribed for $$52$ per share on October $31,2020.$

Oct. $1,2022$

Nov. $30,2022$

Dec. $15,2022$

June $20,2023$

Subscriptions were received for $11,000$ shares at $$57$ per share. Cash of $$108,300$ was received in full

payment for $1,900$ shares and share certificates were issued. The remaining subscription for $9,100$ shares was

to be paid in full by September $30,2023,$ and the certificates would then be issued on that date.

The company purchased $3,100$ of its own common shares on the open market at $$44$ per share. These shares

were restored to the status of authorized but unissued shares.

The company declared a $5\%$ stock dividend at the fair value of the shares for shareholders of record on

January $15,2023,$ to be issued on January $31,2023.$ The company's common shares were selling at $$55$ per

share on December $15,2022$ :

The company sold $610$ of its own common shares for $$23,180.$