The following information is available at January 1, 2019: 
On June 10, the company repurchased and retired 1,000 shares of its outstanding common stock for $10 per share. Record this transaction.
Definitions:
Unit Selling Price
The cost for which customers can purchase an individual unit of a product.
Unit Variable Costs
Unit variable costs are the costs that vary directly with the production volume, including costs for materials and labor that change with the level of production or service provision.
Operating Income
Revenue obtained from the main operations of a business, not including the costs of interest and taxes.
Variable Costs
Expenditures that fluctuate in direct relation to production or sales volumes, such as labor costs and materials used.
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