Information taken from Little Chick Basket Supplies Inc. December 31, 2020, balance sheet are as follows: Common shares, 600,000 shares authorized; 325,000 shares issued and outstanding Retained earnings $860,000 132,000 During 2021, the following equity transactions occurred: May Jul. Sept. 5 Repurchased and retired 15,000 common shares at $2.48 per share. 12 Repurchased and retired 30,000 common shares at $2.25 per share. 30 Repurchased and retired 25,000 common shares at $3.25 per share. Required Prepare journal entries to account for the transactions during 2021.