At December 31, 2017, the balance sheet of Meca International included the following shareholders equity accounts: Shareholders' Equity ($ in millions) Common stock, 95 million shares at $1 par Paid-in capital-excess of par Retained earnings $95 470 580 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 (1.e. 10,000,000 should be entered as 10).) 1. On February 12, 2018, Meca reacquired 2 million common shares at $17 per share. 2. On June 9. 2019, Meca reacquired 3 million common shares at $12 per share 3. On May 25, 2020, Meca sold 3 million treasury shares at $20 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 View traneaction llst Journal entry worksheet 1 2 3 4 Record the reacquisition of 2 million common shares at $17 per share Note: Enter debits before credits. Date Debit Credit General Journal February 12, 2018 Journal entry worksheet 2 3 Record the stock transaction occurring on Sept. 1 Note: Enter debits before credits Date Debit Credit General Journal Sept. 1 Record entry Clear entry Vlew general journal Journal entry worksheet 1 2 Record the sale of 3 millian treasury shares at $20 per share-determine cost as the weighted average cost of treasury shares Note: Enter debits before credits. Date Debit credit General Journal May 25, 2020 Record entry Clear entry Vlew general Journal A Journal entry worksheet 12 3 4 Record the sale of 3 million treasury shares at $20 per share-determine cost of treasury shares by the FIFO method Note: Enter debits before credits. General Journal Date Debit Credit May 25, 2020 Record entry Clear entry View general journal