The equity section from the December 31, 2023 and 2024, balance sheets of Westburne Corporation appeared as follows: 2024 2023 Contributed capital: Common shares, 50,000 shares authorized; 26,040 and 24,700 shares issued and outstanding, respectively $ 572,880 $ 494,000 Retained earnings 575,000 463,000 The following transactions occurred during 2024 (assume the retirements were the first ever recorded by Westburne): Jan. 5 A $1.60 per share cash dividend was declared, and the date of record was five days later. Mar. 20 3,000 common shares were repurchased and retired at $20.00 per share. Apr. 5 A $1.60 per share cash dividend was declared, and the date