Be Happy Corp. had 300,000 common shares issued and outstanding on January 1, 2028 with a value of $5,400,000. There was no the contributed surplus account. On February 5, they issued 20,000 shares at $20 per share. on March 29th they issued another 40,000 shares for proceeds of $680,000 on July 10th they repurchased and immediately cancelled 30,000 shares for $16 per share on November 10th they repurchased and immediately cancelled 80,000 shares for $1,540,000 Required: Please prepare the journal entry for the repurchase on NOVEMBER 10 (note: only prepare journal entry for Nover transaction). . do not use $, commas, or +/- in an acount is not applicable please enter 0 Do not round intermediary calculations. Round final answer to nearest dollar. See below example of journal entry for purchase of inventory for $500 cash. Inventory Cash ACCOUNT DEBIT OR CREDIT debit credit Amount 500 500