P6-3A Dctermine impact of rcacquired shares LO 2) AP Advanced Technologies Inc. reported the following information related to its shareholders' equity on January 1: Common shares, 1,000,000 authorized, 500,000 shares issued S1,500,000 15,000 720,000 Retained earnings During the year, the following transactions related to common shares occurred in the order listed: 1. Issued 35,000 shares at $4.20 per sharc. 2. Reacquired 10,000 shares at S3.00 per share. 3. Issued 5,000 shares at S4.50 per share. 4. Reacquired 18,000 shares at S4 per share. 5. Reacquired 75,000 shares at S3 per share. Instructions (a) Calculate the number of shares authorized and issued at the end of the year. (b) Determine the ending balances in each of the following accounts: Common Shares, Contributed Surplus -Reacquisition of Common Shares, and Retained Earnings