Quinn Company has outstanding 40,000 shares of $10 par value common stock that was issued for an average of $24 per share. It also has $822,400 of retained earnings. The company repurchases and retires 3,200 shares at $32 per share. Near the current year-end, the company declares 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.