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and The balance sheet of AAA Company included the following shareholders' equity section on December 31, 2024: Common stock ($1 par, authorized 200 million
and The balance sheet of AAA Company included the following shareholders' equity section on December 31, 2024: Common stock ($1 par, authorized 200 million shares, issued outstanding 180 million shares) Paid-in capital-excess of par Paid-in capital-shares repurchase Retained earnings Total shareholders' equity ($ in millions) $ 180 900 100 560 $1,740 During 2024, AAA Corporations had the following transactions: January 1 Reacquired 2 million shares at $5.00 each June 3 Purchased 20 million shares of treasury stock at $5 per share August 28 Sold the 5 million shares of treasury stock at $7 per share September 15 Sold the 5 million shares of treasury stock at $1 per share October 1 Sold the 5 million shares of treasury stock at $10 per share Instructions: Prepared the above transactions.
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