Shotgun Corporation began 2020 with the following account balances:

Common shares, 250,000 shares authorized, 80,000 outstanding $1,728,000

Contributed surplus share repurchase 9,000

Retained earnings 500,000

In March 2020, Shotgun Corporation reported the following transactions:

Mar. 12 Repurchased 4,500 of its own shares for $25 per share.

16 Sold 1,200 of the repurchased shares for $27 per share.

29 Repurchased 2,000 of its own shares for $21 per share.

Required: a) Record the journal entries for the above transactions (no explanations required) (8 Marks).

b) Calculate the ending balance in the common share account on March 31, 2020