At the beginning of 20X1, the accounting records of Friends Corp. reported the following: Preferred shares, 8,000 shares outstanding, no par Common shares, 182,500 shares outstanding, no-par Contributed capital on common share retirement Retained earnings $ 204,000 370,475 112,000 560,000 During the year, the company acquired and retired shares, while other shares were issued: 15 March 26,200 common shares bought and retired at $4 per share 16 March 5,000 preferred shares bought and retired at $28.20 per share 20 May 10,400 common shares bought and retired at $1 per share 25 May 2,500 preferred shares bought and retired at $19.90 per share 30 May 11,900 common shares issued at $14.90 per share 15 Nov. 6,100 common shares bought and retired at $24 per share Required: 1. Give joumal entries to record each share retirement transaction. (Round intermediate calcula and Round your final answers to the nearest whole dollar. If no entry is required for a trans! entry required" in the first account field.)