25 Edital Create Share Liveson Corp's shareholders' equity included the following accounts at December 31, 2020: Cocoon stock, Ton Charestat 11 par Paid-in capital excess of par Retained earning 7,000,000 49,000,000 77,500,000 Required: 1. Liveson Corp reacquired shares of its common stock in two separate transactions and later sold shares. Prepare the entries for each of the transactions under each of two separate assumptions: the shares are (a) retired and (b) accounted for as treasury stock Fabruary 15, 2021 Racquired 200,000 Charen at 010 par Share. Tebruary 17, 2022 Reacquired 200,000 shares At $7.50 per share. November 9, 2023 Sold 125,000 shares at 69 per share ( TITO coat) 2. Prepare the shareholders' equity section of Liveson Corp's balance sheet at December 31, 2023, assuming the shares are a retired and (b) accounted for as treasury stock. Net Income was $15 million in 2021, $16 million in 2022, and $17 million in 2023. No dividends were paid during the three-year period. Complete this question by entering your answers in the tabs below. Reg 1 Reg 1 Retired Treasury Stock Reg 2 Rehabinhanh An