Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares. January 4, 2018: Repurchased and retired 1.40 million shares at $8.40 per share. June 25, 2018: Repurchased and retired 2.40 million shares at $2.40 per share. Prior to the transactions, CCC's shareholders' equity included the following: Common stock, 80.40 million shares at $1 par $ 80,400,000 Paid-in capital - excess of par 192,960,000 Retained earnings 124,000,000 Required: Prepare the journal entry to record the repurchase and retirement of the shares. (Do not round your per share amounts. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)