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, 2021: Repurchased and retired 1.60 million shares at $8.60 per share. June 25, 2021: Repurchased and retired 2.60 million shares at $2.60 per share. Prior to the transactions, CCC's shareholders' equity included the following: Common stock, 80.60 million shares at $1 par Paid-in capital-excess of par Retained earnings $ 80,600,000 209,560,000 126,000,000 Required: Prepare the journal entries 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.) View transaction list Journal entry worksheet 2 > Repurchased and retired 1.60 million shares at $8.60 per share. Note: Enter debits before credits. Date General Journal January 04, 2021 Debit Credit