Please only answer when you are $100\%$ sure your answer is correct! And please answer both question $1$ and $2.$

At the beginning of $201,$ the accounting records of Friends Corp. reported the following:

During the year, the company acquired and retired shares, while other shares were issued:

$15$ March $26,200$ common shares bought and retired at $$4$ per share

$16$ March $5,000$ preferred shares bought and retired at $$28\mathrm{.}20$ per share

$20$ May $10,400$ common shares bought and retired at $$1$ per share

$25$ May $2,500$ preferred shares bought and retired at $$19\mathrm{.}90$ per share

$30$ May $11,900$ common shares issued at $$14\mathrm{.}90$ per share

$15$ Nov. $6,100$ common shares bought and retired at $$24$ per share

Required:

$1.$ Give journal entries to record each share retirement transaction.

$1\mathrm{.}1$ Record retirement of common shares at $$4$ per share.

$1\mathrm{.}2$ Record retirement of preferred shares at $$28\mathrm{.}20$ per share.

$1\mathrm{.}3$ Record retirement of common shares at $$1$ per share.

$1\mathrm{.}4$ Record retirement of preferred shares at $$19\mathrm{.}90$ per share.

$1\mathrm{.}5$ Record issue of common shares.

$1\mathrm{.}6$ Record retirement of common shares at $$24$ per share.

$2.$ Calculate the closing balance in each account in shareholders$$ equity. $($Round intermediate calculations to $2$ decimal places. Round your final answers to the nearest whole dollar.$)$

Preferred shares

Common shares

$-$Contributed capital on share retirement:

Common

Preferred

Retained earning