Cal Cookie Company has 100 Million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares.

January 4,2013: Repurchased and retired 1 million shares at $8 per share.

June 25, 2013: Repurchsed and retired 2 million shares at $2 per share.

Prior to the transactions, CCC 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

REQUIRED: RECORD ENTRIES FOR THE ABOVE TRANSACTIONS. USING BOTH METHODS