At the beginning of 20x1, the accounting records of Friends lCorp. reported the following: Preferred shares, ?,588 shares outstanding, nopar $ 228,?58 Common shares, 181,488 shares outstanding, nopar 47?,882 Contributed capital on common share retirement 111,188 Retained earnings 555,588 ' During the year, the company acquired and retired shares, while other shares were issued: 15 March 25,488 common shares bought and retired at $4 per share 16 March 4,388 preferred shares bought and retired at $32.98 per share 28 May 9,588 common shares bought and retired at $1 per share 25 May 1,988 preferred shares bought and retired at $18.38 per share 38 May 11,888 common shares issued at $18.38 per share 15 Nov. 5,188 common shares bought and retired at $38 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 2 3 4 5 6 > Record retirement of common shares at $4 per share. Note: Enter debits before credits. Date General Journal Debit Credit 15 March Record entry Clear entry View general journalRequired: 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 transoctionfevent, select "No journal entry required" in the rst account field.) View transaction list 1 Record retirement of common shares at $4 per share. 2 Record retirement of preferred shares at $32.90 per share. 3 Record retirement of common shares at $1 per share. 4 Record retirement of preferred shares at $13.30 per share. 5 Record issue of common shares. \\\\ \\\\ \\\\ 6 Record retirement of common shares at $30 per share. Note : . = journal entry has been entered Record entry Clear entry View general journal 2. Calculate the closing balance in each account in shareholders\" equity. [Round intermediate calculations to 2 decimal places. Round your nal answers to the nearest whole dollar.) Preferred shares Cemmen shares Contributed capital on share retirement: Common Preferred Retained earnings