At the beginning of 201, the accounting records of Friends Corp. reported the following: During the year, the company acquired and retired shares, while other shares were issued: 15 March 25,700 common shares bought and retired at $4 per share 16 March 4,700 preferred shares bought and retired at $30.50 per share 20 May 10,000 common shares bought and retired at $1 per share 25 May 2,400 preferred shares bought and retired at $16.70 per share 30 May 11,500 common shares issued at $8.70 per share 15 Nov. 5,500 common shares bought and retired at $22 per share equired: Give journal entries to record each share retirement transaction. (Round intermediate calculations to 2 decimal places and Round our final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in he first account field.) Required: 1. Give journal entries to record each share retirement transaction. (Round intermediate calculations to 2 decimal places and your final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry requir the first account field.) Journal entry worksheet 6 Record retirement of common shares at $1 per share. Note: Enter debits before credits. required: Give journal entries to record each share retirement transaction. (Round intermediate calculations to 2 decimal places a our final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry rec he first account field.) Journal entry worksheet 6 Record retirement of preferred shares at $16.70 per share. Note: Enter debits before credits. Record issue of common shares. Note: Enter debits before credits. Journal entry worksheet 1234 Record retirement of common shares at $22 per share. Note: Enter debits before credits. 2. Calculate the closing balance in each account in shareholders' equity. (Round intermediate calculations to 2 decimal places. Round your final answers to the nearest whole dollar.)