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  3. ach of the following four (4) situations are indep

ach of the following four (4) situations are independent of each other. On January 1,...

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Accounting

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ach of the following four (4) situations are independent of each other. On January 1, 2022, Dunder Mifflin Corp, a publicly traded company, had these shareholders' equity accounts: Commonshares(Unlimitednumberofsharesauthorized,60,000issued)ContributedsurplusRetainedearnings$600,000$30,000$1,200,000 On February 1 the company reacquired and retired 5,000 common shares for $25.00 per share. The stock's market price was \$24.00. Calculate the balance in number of common shares, dollars of common shares, dollars of contributed surplus and dollars of retained earnings after the above transaction at February 1st,2022

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