At December 31, 2017, the balance sheet of Meca International included the following shareholders' equity accounts: Shareholders' Equity Common stock, 70 million shares at $1 par Paid-in capital-excess of par Retained earnings ($ in millions) $ 70 320 430 Required: Assuming that Meca International views its share buybacks as treasury stock, record the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On February 12, 2018, Meca reacquired 1 million common shares at $13 per share. 2. On June 9, 2019, Meca reacquired 2 million common shares at $10 per share. 3. On May 25, 2020, Meca sold 2 million treasury shares at $15 per share-determine cost as the weighted average cost of treasury shares. 4. For the previous transaction, assume Meca determines the cost of treasury shares by the FIFO method. Answer is complete but not entirely correct. No General Journal Credit Date February 12, 2018 Treasury stock Cash Debit 13 1 13 June 09, 2019 20 Treasury stock Cash 20 May 25, 2020 Cash 30 11 x Treasury stock Paid-in capitalexcess of par 19 X 4 May 25, 2020 30 Cash Treasury stock Paid-in capital-share repurchase 10 X 20 X