At December 31, 2020, the balance sheet of Meca International included the following shareholders' equity accounts: Shareholders' Equity Common stock, 80 million shares at 51 par Paid-in capital-excess of par Retained earnings (5 in millions) $ 80 440 550 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 (ie., 10,000,000 should be entered as 10).) 1. On February 12, 2021, Meca reacquired 1 million common shares at $14 per share. 2. On June 9, 2022, Meca reacquired 2 million common shares at $11 per share. 3. On May 25, 2023, Meca sold 2 million treasury shares at $17 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 transaction ist View journal entry worksheet RE General Journal Debit Credit No 1 Date February 12, 2021 Treasury stock Cash N June 09, 2022 Treasury stock Cash IN 3 May 25, 2023 Cash Pald-in capital - excess of par Treasury stock