1. Each of the following three (3) situations are independent of each other. On January 1, 2020, Dunder Mifflin Corp, a publicly traded company, had these shareholders' equity accounts: Common shares (Unlimited number of shares authorized, 15,000 issued) Contributed surplus Retained earnings $600,000 $25,000 $200,000 On February 1 the company reacquired and retired 1,000 common shares for $77.00 per share. The stock's market price was $73.00. Calculate the balance in number of common shares, dollars of common shares, dollars of contributed surplus and dollars of retained earnings after the above transactions at February 1", 2020, after the reacquisition. January 1, 2020 February 1, 2020 Number of common shares 15,000 Common shares $600,000 Contributed surplus $25,000 Retained earnings $200,000