Royal Hill Companies provided the following information regarding its stockholders’ equity section of the balance sheet for the 3-year period ending December 31, 2022.

Required

Prepare the summary journal entries for 2021 and 2022 to reflect the changes in the shareholders’ equity accounts included in the statement provided above. Royal Hill did not pay any dividends in these years and made no prior-period adjustments. Assume that the treasury stock transactions did not affect retained earnings.

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Stockholders' equity: (In millions, except for share amounts) Common Stock, no par value Additional Paid-in Capital from Treasury Stock Transactions Retained Earnings Accumulated Other Comprehensive Income (Loss) - Unrealized Debt Investment Gain (Loss) Treasury Stock, at Cost; 56,071,000 and 32,835,000 shares, in 2022 and 2021 respectively Total Stockholders' Equity 2022 2021 $229.20 $229.20 99.24 99.24 2,089.68 1,809.72 (0.24) (0.36) (1,717.92) (1,031.28) 2020 $ 229.20 119.09 2,217.50 0 (1,237.97) $ 699.96 $1,106.52 $1,327.82