Mahesh Inc. begin operations on July 5, 2021 and immediately issued 18000 common shares for cash of $2 per share. On Jul

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Mahesh Inc. begin operations on July 5, 2021 and immediatelyissued 18000 common shares for cash of $2 per share. On July 13,1500 common shares were issued to promoters, valued at a total of$15,000. On July 20, 14000 preferred shares were issued for cash of$8 per share.
No transaction happened in August and balance carried forward toSeptember.
On September 10, 15,000 common shares were issued in exchangefor building valued at $50,000. On September 25, 13000 morepreferred shares were issued for total cash of $20,500. a) Preparethe statement of changes in equity for the month ended September30, 2021. Assume a loss of $15,000 was realised in July, lossearned during September was $15,000 and dividends totalling $45,000had been declared and paid in September.
b) Also calculate the average issue price per common share as ofSeptember 30, 2021. c) What is the average issue price perpreferred share as of September 30, 2021?