9 01:39:05 At the beginning of 20X1, the accounting records of Friends Corp. reported the following: Preferred shares, 6,300 shares outstanding, no-par Common shares, 180,400 shares outstanding, no-par Contributed capital on common share retirement Retained earnings $ 198,450 524,964 110,400 552,000 During the year, the company acquired and retired shares, while other shares were issued: 15 March 24, 200 common shares bought and retired at $5 per share 16 March 3,400 preferred shares bought and retired at $34.20 per share 20 May 8,200 common shares bought and retired at $1 per share 25 May 900 preferred shares bought and retired at $18.00 per share 30 May 10, 300 common shares issued at $12.00 per share 15 Nov. 4,300 common shares bought and retired at $24 per share Required: 1. Give journal entries to record each share retirement transaction. (Round intermediate calculations to 2 decimal places and Round your final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record retirement of common shares at $5 per share.