Identifying and Anslyzing Financial Statement tfects of Stock Repurchase and Dividends Identifying and Analyzing Financial 5tatement Effects of Stock Repurchase and Dividends Quirn Compary has outstanding 22,500 shares af $10 par value common stock that was issued for an average of $24 per share. It also has $462,600 af retained earnings. The company repurchases and retires 1,800 shares at $32 per share. Near the current year-end, the company declares and pays a cash dividend of $1.80 per stiare. Use the financal statement effects termplate to record (a) the share repurchase and (b) the dividend transaction. Note: For each account category, indicate the appropriate account riame. Enter 'N/A' for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Identifying and Analyzing Financial Statement Effects of 5tock Repurchase and Dividends Quinn Compary has outstanding 22,500 whares of 310 par value common stock that was issued for an average of 124 per share. It afso has 1462,600 of retained eatritgs. The company repurchases and retires 1,800 shares ot 532 per share. Near the current yeat end, the company declares and pays a cash dividend of 31.80 per share. Use the financial statement eflects template to record (a) the share repurchase and (b) the dividend transaction. Note: For each account category. incicate the appropriate akcount name. Enter tNiA for any account category that is not used for a kiven transaction, Note: indicate a decrease in an account category by including a negative sign with the amount