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, 2017: Repurchased and retired 1 million shares at $3 per share. June 25, 2017: Repurchased and retired 2 million shares at $2 per share. Prior to the transactions, CCC's shareholders' equity included the following: Common Stock, 80 million shares at $1 par $80,000,000 Paid in capital excess of par $160,000,000 Retained earnings $120,000,000 Record the entries for the above transactions