Whippet Industries Corporation has the following partial balance sheet information available at November 30, 2019. Shareholders' Equity Contributed Capital Common shares. 440.000 shares authorized 150.000 shares issued and outstanding $ 750.000 500.000 Retained earnings Total shareholders' equity $ 1.250 000 If Whippet Industries repurchased 35 000 common shares on March 1, 2020 at a price of $9.75 per share prepare the journal entry for the transaction Prepare the journal entry for the transaction. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit Mar 1