Quinn Company has outstanding 17.500 shares of $10 par value common stock that was issued for an average of $24 per share. It also has $359,800 of retained earnings. The company repurchases and retires 1,400 shares at $32 per share. Near the current year-end, the company decares and pays a cash dividend of $1.80 per share Use the financial statement effects template to record (a) the share repurchase and (b) the dividend transaction Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction Note: Indicate a decrease in an account category by including a negative sign with the amount Cash Asset Balance Sheet Liabilities Contrib. Capital Earned Capital Noncash Assets Transaction (a) Share repurchase Common stock (b) Dividend payment Income Statement Net Income Revenues Expenses > . 11