Information taken from Nanotec Security Inc.'s January 31, 2023, balance sheet follows: Common shares, 640,000 shares authorized, 56,000 shares issued and outstanding Retained earnings $756,000 85,850 On February 1, 2023, the company repurchased and retired 1,700 common shares (the first retirement the company has recorded). Required: Prepare General Journal entries to record the repurchase and retirement under each of the following independent assumptions. The shares were repurchased for: a. $11.00 per share