CALCULATOR FULL SCREEN PRINTER VERSE Brief Exercise 14-5 On February 7, 2014, Estabrooks Corp. had a balance of $378,000 in its common share account. These shares had been issued as follows: Date March 1, 2012 November 8, 2013 # of Shares Issued 12,000 18,000 Cost $60,000 318,000 On February 8, 2014, Estabrooks paid $12,000 to reacquire 1,200 shares. On December 22, 2014, it paid $36,000 to reacquire 2,400 shares. Determine the average cost per share on February 7, 2014. (Round answer to 2 decimal places, e.g. 52.75.) Average cost per share Record the two transactions in which Estabrooks reacquired its shares. (Credit account titles are automatically indented when the indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Feb. 8 Common Shares Debit Debit Credit Contributed Surplus - Reas Cash 12000 Dec. 22 Common Shares Contributed Surplus - Read Retained Earnings Cash 36000 Click if you would like to Show Work for this question: Open Show Work