Burgess Corporation has a total of 55,000 common shares issued. Burgess Corporation has the following account balances: Common shares $550,000 Contributed capital - reacquisition of common shares $15,000 Retained earnings $725,000 Instructions Part 1 a) What is the average cost per share? (1 mark) $ Part II (10 marks) Record each of these independent transactions (a) Burgess reacquires 8,000 of its shares at $8 per share. (b) Burgess reacquires 6,000 of its shares at $12 per share. (c) Burgess reacquires 8,000 of its shares at $15 per share. Date Account title and explanation Dr Cr D N O Part II (10 marks) Record each of these independent transactions (a) Burgess reacquires 8,000 of its shares at $8 per share. Burgess reacquires 6,000 of its shares at $12 per share. (c) Burgess reacquires 8,000 of its shares at $15 per share. (b) Date Account title and explanation Dr Cr