Quadra Films issues 200,000 no-par value shares for $60 per share in 2018. Three years later, it repurchases 30,000 of these shares for $80 per share. Quadra records the repurchase in which of the following ways? Debit Common Shares for $1.8 million and retained earnings for $600,000 and credit Cash for $2.4 million. Debit Common Shares for $600,000 million and cash for $1.8 million and credit Contributed capital for $2.4 million. Debit Common Shares for $1.8 million and contributed surplus for $600,000 and credit cash for $2,4 million. Debit Cash for $2.4 million, credit Common shares for $1.8 million and credit retained earnings for $600,000