Borner Communications' articles of incorporation authorized the issuance of $130$ million common shares. The transactions described below effected changes in Borner's outstanding shares. Prior to the transactions, Borner's shareholders' equity included the following:

Shareholders" Equity

Comon stock, $125$ millien shares at $$1$ par

$($s$)$ in ms$1110$ns$)$

pald$-$in capital $-$ excess of par

Retalined earnings

$5115$

$345$

$225$

Required:

Assuming that Bormer Communications retires shares it reacquires $($restores their status to that of authorized but unissued sheres$),$ record the appropriate journal entry for each of the following transactions:

Note: If no entry is required for a transaction$/$event$,$ select $"$No joumal entry required" in the first account field. Enter your answers in millions $($Le$.,10,000,000$ should be entered as $10).$

On January $7,2024,$ Borner reacquired $2$ million shares at $$6\mathrm{.}50$ per share.

$2$ On August $23,2024,$ Borner reacquired $4$ milion shores at $$3\mathrm{.}00$ per share.

$3$ On July $25,2025,$ Borner sold $3$ million common shares at $$8$ per share