At December 31, 2020, the balance sheet of Meca International included the following shareholders' equity accounts:

Shareholders Equity	($ in millions)
Common stock, 70 million shares at $1 par	$	70
Paid-in capitalexcess of par		500
Retained earnings		610

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, 2021, Meca reacquired 1 million common shares at $20 per share.
2. On June 9, 2022, Meca reacquired 2 million common shares at $17 per share.
3. On May 25, 2023, Meca sold 2 million treasury shares at $23 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.