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, 2016	Repurchased and retired 1 million shares at $8 per share
June 25, 2016	Repurchased and retired 2 million shares at $2 per share

Prior to the transactions, CCC's shareholder's 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

Required:

Record entries for the above transactions. Please show work