At December 31, 2023, the balance sheet of Meca International included the following shareholders' equity accounts: Shareholders Equity ($ in millions)

Common stock, 90 million shares at $1 par $90

Paid-in capitalexcess of par $360

Retained earnings $470

Required: Assuming that Meca International views its share buybacks as treasury stock, record the appropriate journal entry for each of the following transactions:

On February 12, 2024, Meca reacquired 1 million common shares at $17 per share.

On June 9, 2025, Meca reacquired 2 million common shares at $14 per share.

On May 25, 2026, Meca sold 2 million treasury shares at $19 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. Note: If no entry is required for a transaction/event, select "No journal entry required"