At the beginning of 20x1, the accounting records of Friends Corp reported the following: Preferred shares, 6,200 shares outstanding, no-par Common shares, 100, 200 shares outstanding, no-par Contributed capital on common share retirement Retained earnings $ 168,480 423,470 110,200 551,000 During the year, the company acquired and retired shares while other shares were issued: 15 March 24,100 Connon shares bought and retired at 56 per share 16 March 3,200 preferred shares bought and retired at $33.10 per share 20 May 0,100 common shares bought and retired at $1 per share 25 May 300 preferred shares bought and retired at $18.60 per share 30 May 10, 200 common shares issued at $12.60 per share 15 nov. 4,200 common shares bought and retired at 124 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.) Answer is not complete. NO Date Debit Credit 1 15 March General Journal Common shares Contributed capital on common share retirement Cash OOO OOO 2 16 March Preferred shares Retained earnings Answer is not complete. Credit 1 15 March Gonnal Journal Common shares Contributed capital on common share retirement Cash OOO 2 16 March Preferred shares Retained earning Cash OOO 3 20 May Common shares Contributed capital on common share retirement OOO 4 25 May Preferred shares Contributed capital on preferred share retirement Cash 5 30 May Cash Common shares DO 000000 6 15 November Commons Contributed capital on common share retirement Retained ning Cash 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.) Preferred shares Common shares Contributed capital on share retirement Common Preferred Retained carings