At the beginning of 20X1, the accounting records of Friends Corp. reported the following:

Preferred shares, 6,000 shares outstanding, no-par	$	150,000
Common shares, 180,000 shares outstanding, no-par		369,000
Contributed capital on common share retirement		110,000
Retained earnings		550,000

During the year, the company acquired and retired shares, while other shares were issued:

15 March		24,000 common shares bought and retired at $6 per share
16 March		3,000 preferred shares bought and retired at $27 per share
20 May		8,000 common shares bought and retired at $1 per share
25 May		600 preferred shares bought and retired at $24 per share
30 May		10,000 common shares issued at $12.32 per share
15 Nov.		4,000 common shares bought and retired at $14 per share