At December 31, 2020, the balance sheet of Meca International included the following shareholders' equity accounts: Shareholders Equity ($ in millions) Common stock, 85 million shares at $1 par $ 85 Paid-in capitalexcess of par 450 Retained earnings 560 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).)

On February 12, 2021, Meca reacquired 2 million common shares at $15 per share. On June 9, 2022, Meca reacquired 3 million common shares at $10 per share. On May 25, 2023, Meca sold 3 million treasury shares at $18 per share. Determine cost as the weighted-average cost of treasury shares. For the previous transaction, assume Meca determines the cost of treasury shares by the FIFO method.