Sheridan Technologies Inc reported the following information related to its shareholders' equity on January 1: Common shares, 840,000 authorized, 420,000 shares issued $840,000 Contributed surplus-reacquisition of common shares 14,590 Retained earnings 703,000 During the year, the following transactions related to common shares occurred in the order listed. 1. 2 3. Issued 40,000 shares at $4.30 per share. Hleacquired 10,000 shares at $2.00 per share. Issued 4.000 shares at $4.47 per share. Reacquired 19,000 shares at $4 per share. Reacquired 75,000 shares at $2 per share. 4 5. (a) Calculate the number of shares authorized and issued at the end of the year. Number of shares authorized 340.000 Number of shares issued 360000 (1) Determine the ending balances in each of the following accounts. Common Shares. Contributed Surplus-Reacquisition of Common Shares and Retained Earnings. (Round the average issue price to two decimal places, eg. 5.27 and final answers to decimal places, eg. 5,276) Common shares $ 799200 Contributed Surplus-reacquisition of common shares $ $ Retained earnings Attempts: 1 of 2 used Submit Answer Save for Later Last saved 8 hours ago Saved work will be auto-submitted on the due date. Auto submission can take up to 10 minutes