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Bomer Communications' articles of incorporation authorized the issuance of 190 million common shares. The transactions described below effected changes in Borner's outstanding shares. Prior to

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Bomer Communications' articles of incorporation authorized the issuance of 190 million common shares. The transactions described below effected changes in Borner's outstanding shares. Prior to the transactions, Bomer's shareholders' equity included the following: ($ in millions) Shareholders' Equity Common stock, 175 million shares at $1 par 8 02:52:02 525 Paid-in capital - excess of par Retained earnings Required: Assuming that Borner Communications retires shares it reacquires (restores their status to that of authorized but unissued shares). record the appropriate journal entry for each of the following transactions of no entry is required for a transaction/event, select "No Journal entry required" in the first account field, Enter your answers in millions ... 10,000,000 should be entered as 10).) 1. On January 7, 2021, Borner reacquired 2 million shares at $6.50 per share 2. On August 23, 2021, Borner reacquired 4 million shares at $3.50 per share. 3. On July 25, 2022, Borner sold 3 million common shares at 59 per share View transaction list

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