Brant Communications' articles of incorporation authorized the issuance of 180 million common shares. The transactions described below effected changes in Brant's outstanding shares. Prior to the transactions, Brant's shareholders' equity included the following: Required: Assuming that Brant 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: (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).) 1. On January 7,2021 , Brant reacquired 4 million shares at $4.50 per share. 2. On August 23, 2021, Brant reacquired 6 million shares at $3.50 per share. 3. On July 25,2022 , Brant sold 5 million common shares at $8 per share. Journal entry worksheet Record the reacquisition of 4 million shares by Borner. Note: Enter debits before credits