On January 1, 2017, Neda Kalantar Corp, a publicly traded company, had these shareholders equity accounts:

Common shares (Unlimited number of shares authorized, 12,000 issued): $600,000

Contributed capital: $40,000 Retained earnings: $2,200,000

On February 1 the company reacquired and retired 2,000 common shares for $75.00 per share. The stocks market price was $73.00.

Calculate the balance in number of common shares, dollars of common shares, dollars of contributed capital and dollars of retained earnings after the above transactions at February 1st, 2017, after the reacquisition.

	January 1, 2017		February 1, 2017
Number of common shares	12,000
Common Shares	$600,000
Contributed capital	$40,000
Retained earnings	$2,200,000