The company board of directors decided to buyback 2,500 of the company's outstanding common shares at $3.70 per common share. There are 24,320 shares issued with a balance of $93,632. There is no contributed surplus and retained earnings with a balance of $156,000. Answer the following questions related to the share buyback. Don't round your calculations 1. Amount debited to the Common Shares when the buyback occurs (nearest 1/100 of a dollar without comma or dollar sign, eg 216.78) 2. Which account is debited or credited? 3. Balance of Common Shares account after buyback (nearest dollar without comma or dollar sign, eg 216.78)