Following is the shareholders' equity section of Universal Maintenance Co.'s financial statements on January 1 of the current fiscal year.

Preferred shares, 2,500 shares outstanding, no par$70,000

Common shares, 10,000 shares outstanding, no par 250,000

Total share capital $320,000

Retained earnings 70,000

Total shareholders' equity $390,000

The following transactions took place during the year:

1. January 6: Purchased and cancelled 1,500 common shares for $22 per share, $33,000 total.
2. January 27: Purchased and cancelled 300 preferred shares for $38 per share.
3. February 23: Purchased and cancelled 1,500 common shares for $29 per share.
4. March 10: Purchased and cancelled 200 preferred shares for $24 per share.

1) Give journal entries to record the above transactions. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). Do not round during your calculations. Please make sure your final answer(s) are accurate to 2 decimal places.

2) Calculate the resulting balance in each account in shareholders' equity. Enter '0' for entries that have a zero balance. Please make sure your final answer(s) are accurate to 2 decimal places.