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View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Cullumber Technologies Inc. reported the following information related to its shareholders' equity on January 1: Common shares, 1,440,000 authorized, 720,000 shares issued $1,440,000 Contributed surplus-reacquisition of common shares 14,790 Retained earnings 739,000 During the year, the following transactions related to common shares occurred in the order listed: 1. Issued 30,000 shares at $4.00 per share. 2. Reacquired 9,000 shares at $2.00 per share. 3. Issued 3.000 shares at $4.56 per share. 4. Reacquired 19,000 shares at $4 per share. 5. Reacquired 74,000 shares at $2 per share. (a) Calculate the number of shares authorized and issued at the end of the year. Number of shares authorized 1440000 Number of shares issued 651000 (b) Determine the ending balances in each of the following accounts: Common Shares, Contributed Surplus-Reacquisition of Common Shares, and Retained Earnings. (Round the average issue price to two decimal places, e.g. 5.27 and final answers to 0 decimal places, e.g. 5,276.) Common shares $ 1302000 Contributed Surplus-reacquisition of common shares $ 44470 Retained earnings $ 739000