Brilliant Marketing Corporation reported the following stockholders' equity at December 31 (adapted and in milions) EB (Cick the icon to vievw the data ) During the next year, Brillant Marketing purchased treasury stock at a cost of $26 milion and resold treasury stock for $7 milion (his treasury stock had cost Briliant Marketing 56 milion) Requirements 1. Record the purchase and resale of Brilliant Marketing's treasury stock. 2. Overall, how much did stockholders' equity increase or decrease as a resuit of the two treasury-stock transactions? Requirement 1. Record the purchase and resale of Brliant Markoting's treasury First, record the purchase of the treasury stock stock (Record debits frs. hen credts Exclude explanations rom any joumal enties Enter amcunts in mibone as prvid to you in Journal Entry Accounts Debit Credit Miions Next, record the resale of the treasury stock Journal Entry Accounts Debit Credit Miions Requirement 2. Overall, how much did stockholders' equity increase or decrease as a nesult of the two treasury stock transactions