Sheffield Corporation has the following shareholders' equity on December 31, 2021: Shareholders' equity Share capital $10 convertible preferred shares, 10,000 shares authorized, 4700 shares issued Common shares 200,000 shares authorized 100000 shares issued Total share capital Retained earnings Total shareholders' equity $565000 1900000 2465000 445000 $2910000 IF 10900 common shares were reacquired for $22 per share, the journal entry to record the transaction would credit Retained Earnings for $32700, credit Common Shares for $239800. debit Common Shares for $207100. credit Contributed Surplus-Reacquisition of Shares for $32700