On 1 January \\( 20 \\times 5 \\), Albacore Ltd, reported the following in shareholders equity: The company acquired and retired shares in the following sequence during \\( 20 \\times 5 \\) : 1. Retired 16,000 common shares at \\( \\$ 16 \\) per share. 2 Retired 8,000 common shares at \\( \\$ 10 \\) per share. 2. Calculate the balances in each equity account. after the effects of the transactions in requirement 1