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Cinders Marketing Corporation reported the following stockholders' equity at December 31 (adapted and in millions). (Cick the icon to view the data.) Durnng the next
Cinders Marketing Corporation reported the following stockholders' equity at December 31 (adapted and in millions). (Cick the icon to view the data.) Durnng the next yeat, Cinders purchased treasury stock at a cost of $29 millon and resold treasury stock for $8 million (this treasury stock had cost. the company $2 million). Read the requirements. Requirement 1. Record the purchase and resale of Cinders's treasury stock (Record debits first, then credts. Exclude explunations from aty iournai entres. Enter amounts in millons as provided to you in the problem stalament) First record the purchase of the treasury stock. Nex. recoro the resale of the treasury stock. Requarement 2 . Ovecall, how much did stockholders; ecuity increase or decrease from the two transactons? (Entar a decrease urch at minun rign or partertheses.) The increase tobcrease in overitl stockholders' equaty, in mithons, if Data table
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