At the beginning of 20x1, the accounting records of Friends Corp. reported the following Preferred Shares, 7,500 shares outstanding no-par Come shares, 141,400 shares outstanding near Contributed capital on common share retirement ated carnings 5 228,750 477,082 111. 100 555,500 During the year, the company acquired and retired shares while other shares were issued 15 March 25,400 mon shares bought and retired at 14 per share 16 March 4,300 preferred shares bought and retired at 532.90 per share 20 y 9.500 COMO shares bought and retired at $1 per share 25 May 1,000 preferred shares bought and retired at $18.30 per share 10 y 11,000 shares issued at $10.0 per share 15 5.100 shares bought and retired at 5.30 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) Vwwro View Journal only worksheet No 1 15 March General Journal Contributed capital on common share retirement Common share Cath 16 March Rotare coming Preferred shares Cach 3 20 May Common shares Contributed capital on remontinent 1 25 May Pred shares Retained in Contributed capital on preferred sharement 3 20 May Common shares Contributed capital on common share retirement Cash 4 25 May Preferred shares Retained earnings Contributed capital on preferred share retirement Cash 30 May Cash Contributed capital or common share rutirement Common shares 6 15 November Contributed capital on common share moment Common shares Cash 2. Calculate the closing balance in each account in shareholder equity (Round Intermedinte calculations to 2 decimal places Round your final answers to the nearest whole dollar) Preferred shares Convon Shares Cand on the retirement Com Preferred